EF Hutton Acquisition Co. I Cuts Superior Group of Companies (NASDAQ:SGC) Price Target to $18.00

Superior Group of Companies (NASDAQ:SGC – Get Rating) had its target price dropped by equities research analysts at EF Hutton Acquisition Co. I from $20.00 to $18.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. EF Hutton Acquisition Co. I’s target price would indicate a potential upside of 102.25% from the stock’s current price.

Separately, StockNews.com initiated coverage on shares of Superior Group of Companies in a report on Thursday. They issued a “hold” rating on the stock.

Superior Group of Companies Price Performance

SGC stock opened at $8.90 on Friday. The firm has a market cap of $145.43 million, a price-to-earnings ratio of -4.36, a PEG ratio of 0.79 and a beta of 1.11. The company has a quick ratio of 2.11, a current ratio of 3.60 and a debt-to-equity ratio of 0.83. Superior Group of Companies has a 12-month low of $8.39 and a 12-month high of $19.12. The company’s fifty day simple moving average is $11.39 and its 200 day simple moving average is $10.41.

Hedge Funds Weigh In On Superior Group of Companies

Institutional investors have recently made changes to their positions in the stock. High Net Worth Advisory Group LLC raised its holdings in shares of Superior Group of Companies by 322.2% during the first quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 1,450 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Superior Group of Companies by 68.0% during the second quarter. BNP Paribas Arbitrage SA now owns 3,121 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,263 shares in the last quarter. Barclays PLC increased its position in shares of Superior Group of Companies by 540.2% during the fourth quarter. Barclays PLC now owns 3,169 shares of the textile maker’s stock worth $32,000 after acquiring an additional 2,674 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Superior Group of Companies by 646.1% during the third quarter. Tower Research Capital LLC TRC now owns 4,156 shares of the textile maker’s stock worth $37,000 after acquiring an additional 3,599 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Superior Group of Companies by 456.3% during the fourth quarter. UBS Group AG now owns 5,563 shares of the textile maker’s stock worth $56,000 after acquiring an additional 4,563 shares in the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

About Superior Group of Companies

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Superior Group of Cos., Inc engages in the manufacture and sale of uniforms, corporate identity apparel, career apparel, and accessories to the medical and health fields as well as for the industrial, commercial, leisure, and public safety industries. It operates through the following segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products.