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 equities research analysts have also issued reports about the company. DA Davidson dropped their price target on 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 dropped their target price on shares of Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th.

Superior Group of Companies Trading Up 2.3 %

Shares of SGC stock traded up $0.23 during trading hours on Friday, hitting $10.41. 43,966 shares of the company were exchanged, compared to its average volume of 83,788. Superior Group of Companies has a 1 year low of $9.11 and a 1 year high of $21.80. The firm has a fifty day moving average of $12.56 and a 200 day moving average of $14.75. The firm has a market cap of $171.54 million, a PE ratio of 12.54, a PEG ratio of 1.52 and a beta of 1.52. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) 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 analysts’ expectations of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. 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 hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies during the 3rd quarter valued at about $154,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Superior Group of Companies during the first quarter valued at approximately $117,000. HighTower Advisors LLC acquired a new position in shares of Superior Group of Companies during the third quarter worth $167,000. Mason & Associates Inc purchased a new position in shares of Superior Group of Companies in the fourth quarter valued at $181,000. Finally, EMC Capital Management grew its holdings in Superior Group of Companies by 59.5% during the 4th quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 4,405 shares in the last quarter. Institutional investors and hedge funds 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.