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

Superior Group of Companies (NASDAQ:SGC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities research analysts have also recently issued reports on the company. Barrington Research lowered their price objective on 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 lowered their price objective on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th.

Superior Group of Companies Trading Down 0.3 %

Shares of Superior Group of Companies stock opened at $10.80 on Thursday. Superior Group of Companies has a 52-week low of $10.60 and a 52-week high of $21.80. The stock’s 50-day simple moving average is $14.28 and its 200 day simple moving average is $15.25. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data 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 net margin of 2.37% and a return on equity of 6.75%. The firm had revenue of $145.41 million during the quarter, compared to the consensus estimate of $146.54 million. As a group, research analysts anticipate that Superior Group of Companies will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP increased its position in shares of Superior Group of Companies by 16.7% in the fourth quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker’s stock worth $312,000 after purchasing an additional 2,700 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Superior Group of Companies by 32.1% in the fourth quarter. Lazard Asset Management LLC now owns 55,218 shares of the textile maker’s stock worth $912,000 after purchasing an additional 13,411 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Superior Group of Companies in the fourth quarter worth approximately $235,000. Deutsche Bank AG increased its position in shares of Superior Group of Companies by 57.8% in the fourth quarter. Deutsche Bank AG now owns 18,112 shares of the textile maker’s stock worth $299,000 after purchasing an additional 6,635 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Superior Group of Companies by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 167,456 shares of the textile maker’s stock worth $2,768,000 after purchasing an additional 4,128 shares during the last quarter. 33.75% of the stock is owned by hedge funds and other 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.