Superior Group of Companies (NASDAQ:SGC) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Superior Group of Companies (NASDAQ:SGC) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Barrington Research dropped their price target on shares of Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. 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.

Superior Group of Companies Price Performance

NASDAQ SGC opened at $10.22 on Friday. The stock has a market capitalization of $168.41 million, a price-to-earnings ratio of 12.31, a PEG ratio of 1.52 and a beta of 1.52. Superior Group of Companies has a 1-year low of $9.11 and a 1-year high of $21.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The business’s fifty day moving average price is $12.01 and its 200-day moving average price is $14.54.

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

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.48%. 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

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Superior Group of Companies in the 3rd quarter worth approximately $154,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Superior Group of Companies in the first quarter valued at $117,000. HighTower Advisors LLC bought a new stake in Superior Group of Companies in the third quarter worth $167,000. Mason & Associates Inc purchased a new stake in Superior Group of Companies during the fourth quarter valued at $181,000. Finally, EMC Capital Management lifted its position in Superior Group of Companies by 59.5% during the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 4,405 shares during the last quarter. 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.