Superior Group of Companies (NASDAQ:SGC) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Superior Group of Companies (NASDAQ:SGC) from a buy rating to a hold rating in a report published on Thursday morning.

A number of other research analysts have also recently weighed in on SGC. 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 research note on Thursday, March 13th. DA Davidson cut their target price on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th.

Superior Group of Companies Stock Down 0.3 %

SGC stock opened at $10.80 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $14.28 and its 200 day moving average price is $15.25. Superior Group of Companies has a 52 week low of $10.60 and a 52 week high of $21.80. The company has a market cap of $177.96 million, a P/E ratio of 13.01, a P/E/G ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $146.54 million. On average, research analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.14 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.19%. Superior Group of Companies’s dividend payout ratio (DPR) is 75.68%.

Institutional Trading of Superior Group of Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. lifted its holdings in Superior Group of Companies by 87.5% in 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 purchasing an additional 89,096 shares in the last quarter. Bank of New York Mellon Corp boosted its position in 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 worth $2,951,000 after acquiring an additional 56,199 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in 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 worth $2,612,000 after acquiring an additional 53,492 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Superior Group of Companies by 36.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker’s stock worth $3,023,000 after acquiring an additional 49,156 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Superior Group of Companies by 4.5% in the 4th 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 during the last quarter. Hedge funds and other 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.