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

Superior Group of Companies (NASDAQ:SGC) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, DA Davidson cut their price objective on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC traded down $2.09 on Wednesday, hitting $11.54. The company’s stock had a trading volume of 188,520 shares, compared to its average volume of 84,275. The company has a market capitalization of $188.58 million, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. 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 has a 12 month low of $10.92 and a 12 month high of $21.80. The stock’s 50-day moving average is $15.02 and its two-hundred day moving average is $15.44.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results 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 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 return on equity of 6.75% and a net margin of 2.37%. On average, equities research analysts forecast that Superior Group of Companies will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Superior Group of Companies by 51.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock worth $2,612,000 after acquiring an additional 53,492 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Superior Group of Companies in the 3rd quarter valued at $167,000. Jane Street Group LLC raised its holdings in Superior Group of Companies by 44.2% during the 3rd quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker’s stock worth $247,000 after buying an additional 4,895 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Superior Group of Companies by 87.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock valued at $2,957,000 after buying an additional 89,096 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Superior Group of Companies by 10.3% in the third quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock worth $2,860,000 after buying an additional 17,188 shares during the period. Institutional investors own 33.75% of the company’s stock.

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.