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

Superior Group of Companies (NASDAQ:SGC - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Thursday.

A number of other equities analysts also recently issued reports on the stock. DA Davidson dropped their price objective on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. 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.

Superior Group of Companies Stock Performance

SGC traded down $0.03 during mid-day trading on Thursday, reaching $10.80. 104,228 shares of the company traded hands, compared to its average volume of 82,372. The company's fifty day moving average price is $14.28 and its 200-day moving average price 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 quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. Superior Group of Companies has a 52-week low of $10.60 and a 52-week high of $21.80.

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Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts expect that Superior Group of Companies will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Superior Group of Companies

Hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC lifted its position in shares of Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker's stock worth $118,000 after buying an additional 4,303 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Superior Group of Companies during the 3rd quarter valued at $154,000. HighTower Advisors LLC bought a new position in Superior Group of Companies in the 3rd quarter valued at $167,000. Mason & Associates Inc purchased a new stake in Superior Group of Companies in the fourth quarter worth $181,000. Finally, EMC Capital Management lifted its position in shares of 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 worth $195,000 after purchasing an additional 4,405 shares during the last quarter. 33.75% of the stock is currently owned by 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.