Superior Group of Companies (NASDAQ:SGC) Coverage Initiated by Analysts at Noble Financial

Noble Financial initiated coverage on shares of Superior Group of Companies (NASDAQ:SGC - Free Report) in a research note published on Thursday morning, Marketbeat reports. The firm issued an outperform rating and a $16.00 target price on the textile maker's stock.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Superior Group of Companies from a "buy" rating to a "hold" rating in a research report on Saturday, April 19th. Barrington Research cut their target price on shares of Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Finally, DA Davidson dropped their target price on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th.

Superior Group of Companies Stock Performance

Shares of SGC traded down $0.09 during trading hours on Thursday, reaching $9.85. 38,008 shares of the company traded hands, compared to its average volume of 79,818. The stock has a market cap of $157.43 million, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.67. The stock's fifty day moving average is $10.25 and its 200 day moving average is $13.48. 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 quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its earnings results on Thursday, May 8th. The textile maker reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.16). The firm had revenue of $137.10 million during the quarter, compared to analyst estimates of $139.85 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. Equities research analysts anticipate that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.69%. The ex-dividend date is Monday, May 19th. Superior Group of Companies's payout ratio is 124.44%.

Hedge Funds Weigh In On Superior Group of Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Superior Group of Companies by 51.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker's stock worth $2,612,000 after purchasing an additional 53,492 shares during the period. Rhumbline Advisers grew its holdings in shares of Superior Group of Companies by 53.4% during the 4th quarter. Rhumbline Advisers now owns 29,940 shares of the textile maker's stock worth $495,000 after purchasing an additional 10,427 shares during the period. American Century Companies Inc. lifted its position in shares of Superior Group of Companies by 11.7% during the fourth quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker's stock worth $6,007,000 after purchasing an additional 38,207 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Superior Group of Companies by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock valued at $15,411,000 after acquiring an additional 39,894 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Superior Group of Companies by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock valued at $4,169,000 after acquiring an additional 2,320 shares in the last quarter. Hedge funds and other 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.