Superior Group of Companies (NASDAQ:SGC) Issues Quarterly Earnings Results

Superior Group of Companies (NASDAQ:SGC – Get Rating) issued its quarterly earnings results on Wednesday. The textile maker reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06), MarketWatch Earnings reports. Superior Group of Companies had a return on equity of 15.90% and a net margin of 5.07%. During the same quarter last year, the firm posted $0.66 EPS.

SGC opened at $15.56 on Friday. Superior Group of Companies has a twelve month low of $15.18 and a twelve month high of $27.25. The company has a 50-day simple moving average of $17.78 and a 200 day simple moving average of $20.77. The company has a quick ratio of 1.61, a current ratio of 2.69 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $250.52 million, a price-to-earnings ratio of 11.44 and a beta of 0.91.

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Superior Group of Companies in a report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet downgraded shares of Superior Group of Companies from a “b” rating to a “c+” rating in a report on Thursday, March 10th. Barrington Research upgraded shares of Superior Group of Companies from a “market perform” rating to an “outperform” rating in a report on Thursday, March 31st. Finally, Zacks Investment Research downgraded shares of Superior Group of Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 5th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Superior Group of Companies by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 188,411 shares of the textile maker’s stock valued at $4,133,000 after buying an additional 1,557 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Superior Group of Companies by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 139,076 shares of the textile maker’s stock valued at $3,239,000 after buying an additional 1,086 shares during the last quarter. Bank of America Corp DE raised its holdings in Superior Group of Companies by 8.1% in the 4th quarter. Bank of America Corp DE now owns 56,847 shares of the textile maker’s stock valued at $1,247,000 after buying an additional 4,274 shares during the last quarter. Royal Bank of Canada raised its holdings in Superior Group of Companies by 1.9% in the 3rd quarter. Royal Bank of Canada now owns 29,057 shares of the textile maker’s stock valued at $677,000 after buying an additional 530 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Superior Group of Companies by 13.6% in the 3rd quarter. Invesco Ltd. now owns 25,466 shares of the textile maker’s stock valued at $593,000 after buying an additional 3,055 shares during the last quarter. 40.78% of the stock is owned by institutional investors and hedge funds.

About Superior Group of Companies (Get Rating)

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and healthcare facilities; hotels; food and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.

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