Superior Group of Companies (NASDAQ:SGC) Cut to "Buy" at StockNews.com

Superior Group of Companies (NASDAQ:SGC - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Wednesday.

Separately, DA Davidson reduced their price target on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock traded up $0.52 on Wednesday, reaching $11.67. 55,623 shares of the company were exchanged, compared to its average volume of 84,208. Superior Group of Companies has a 1-year low of $10.66 and a 1-year high of $21.80. The firm has a market cap of $190.70 million, a price-to-earnings ratio of 14.06, 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. The company's 50-day moving average is $14.82 and its two-hundred day moving average is $15.38.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released 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). The firm had revenue of $145.41 million for the quarter, compared to the consensus estimate of $146.54 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. As a group, research analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Remove Ads

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Superior Group of Companies by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker's stock valued at $290,000 after acquiring an additional 881 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Superior Group of Companies by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 39,902 shares of the textile maker's stock worth $618,000 after buying an additional 1,193 shares during the period. US Bancorp DE raised its position in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker's stock valued at $45,000 after buying an additional 1,729 shares during the period. Janney Montgomery Scott LLC boosted its position in Superior Group of Companies by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker's stock worth $902,000 after acquiring an additional 1,900 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Superior Group of Companies by 17.9% in the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock valued at $213,000 after purchasing an additional 1,960 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.