DA Davidson Has Lowered Expectations for Superior Group of Companies (NASDAQ:SGC) Stock Price

Superior Group of Companies (NASDAQ:SGC) had its target price reduced by equities research analysts at DA Davidson from $24.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. DA Davidson’s price objective would suggest a potential upside of 79.37% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd.

Superior Group of Companies Price Performance

NASDAQ SGC opened at $11.15 on Wednesday. The company has a market cap of $182.20 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. Superior Group of Companies has a 52 week low of $10.90 and a 52 week high of $21.80. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $14.92 and its two-hundred day simple moving average is $15.41.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The firm had revenue of $145.41 million during the quarter, compared to analysts’ expectations of $146.54 million. Research analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current year.

Hedge Funds Weigh In On Superior Group of Companies

Several institutional investors and hedge funds have recently modified their holdings of SGC. Jacobs Levy Equity Management Inc. increased its holdings in shares of Superior Group of Companies by 87.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock valued at $2,957,000 after acquiring an additional 89,096 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Superior Group of Companies by 45.9% during the fourth quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker’s stock valued at $2,951,000 after acquiring an additional 56,199 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Superior Group of Companies by 51.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock valued at $2,612,000 after acquiring an additional 53,492 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Superior Group of Companies by 36.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker’s stock valued at $3,023,000 after acquiring an additional 49,156 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Superior Group of Companies by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker’s stock valued at $15,411,000 after acquiring an additional 39,894 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.