Superior Group of Companies (NASDAQ:SGC) Stock Rating Upgraded by StockNews.com

Superior Group of Companies (NASDAQ:SGC) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other analysts have also recently issued reports about the stock. DA Davidson reduced their price objective 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, March 12th. Barrington Research lowered their target price on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th.

Superior Group of Companies Price Performance

Shares of NASDAQ SGC opened at $10.41 on Friday. The business has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $14.75. Superior Group of Companies has a twelve month low of $9.11 and a twelve month high of $21.80. The company has a market capitalization of $171.54 million, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.09). The company had revenue of $145.41 million for the quarter, compared to the consensus estimate of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. As a group, equities research analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Superior Group of Companies by 45.9% in the 4th quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker’s stock valued at $2,951,000 after buying an additional 56,199 shares in the last quarter. 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 valued at $2,612,000 after acquiring an additional 53,492 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Superior Group of Companies by 36.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker’s stock valued at $3,023,000 after purchasing an additional 49,156 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Superior Group of Companies by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker’s stock worth $15,411,000 after purchasing an additional 39,894 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Superior Group of Companies by 11.7% during the 4th quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker’s stock valued at $6,007,000 after purchasing an additional 38,207 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About Superior Group of Companies

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.