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

StockNews.com cut shares of Superior Group of Companies (NASDAQ:SGC - Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.

SGC has been the topic of several other reports. DA Davidson dropped their price target on Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Barrington Research reduced their target price 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 Up 2.1 %

Superior Group of Companies stock traded up $0.22 during trading on Friday, reaching $10.60. 2,796 shares of the company's stock were exchanged, compared to its average volume of 83,767. 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 $11.92 and its two-hundred day moving average is $14.51. The firm has a market cap of $174.67 million, a price-to-earnings ratio of 12.77, a PEG ratio of 1.52 and a beta of 1.52. Superior Group of Companies has a 52-week low of $9.11 and a 52-week high of $21.80.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released 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 company had revenue of $145.41 million for the quarter, compared to analyst estimates of $146.54 million. On average, analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.28%. Superior Group of Companies's dividend payout ratio (DPR) is currently 75.68%.

Institutional Investors Weigh In On Superior Group of Companies

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