Superior Group of Companies (NASDAQ:SGC) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Superior Group of Companies (NASDAQ:SGC) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the company. DA Davidson cut their price target on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Barrington Research cut their price target on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, March 13th.

Superior Group of Companies Stock Performance

NASDAQ SGC opened at $10.83 on Thursday. The stock has a market capitalization of $178.46 million, a PE ratio of 13.05, a P/E/G ratio of 1.52 and a beta of 1.55. The business has a 50 day simple moving average of $14.37 and a two-hundred day simple moving average of $15.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. Superior Group of Companies has a 1-year low of $10.74 and a 1-year high of $21.80.

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

Superior Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio is currently 75.68%.

Hedge Funds Weigh In On Superior Group of Companies

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Superior Group of Companies by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker’s stock valued at $15,411,000 after purchasing an additional 39,894 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Superior Group of Companies by 11.7% during the 4th quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker’s stock worth $6,007,000 after acquiring an additional 38,207 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Superior Group of Companies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker’s stock valued at $4,405,000 after acquiring an additional 9,053 shares during the period. Wells Fargo & Company MN boosted its holdings in Superior Group of Companies by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker’s stock valued at $4,169,000 after acquiring an additional 2,320 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Superior Group of Companies by 87.5% during the 3rd 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 during the period. Institutional investors own 33.75% of the company’s stock.

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.