Superior Group of Companies (NASDAQ:SGC) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Superior Group of Companies (NASDAQ:SGC) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised Superior Group of Companies from a sell rating to a hold rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ SGC opened at $13.02 on Tuesday. Superior Group of Companies has a 52-week low of $12.78 and a 52-week high of $19.00. The stock has a market capitalization of $204.89 million, a P/E ratio of 11.03, a PEG ratio of 1.33 and a beta of -0.02. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $14.70 and its two-hundred day moving average price is $15.70.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Wednesday, October 23rd. The textile maker reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Superior Group of Companies had a net margin of 3.76% and a return on equity of 8.91%. The company had revenue of $89.47 million during the quarter, compared to the consensus estimate of $96.66 million. On average, analysts anticipate that Superior Group of Companies will post 0.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.07%. Superior Group of Companies’s dividend payout ratio is 33.90%.

Large investors have recently bought and sold shares of the stock. Yorktown Management & Research Co Inc acquired a new position in Superior Group of Companies in the 3rd quarter valued at approximately $211,000. Connors Investor Services Inc. increased its holdings in shares of Superior Group of Companies by 9.8% during the 3rd quarter. Connors Investor Services Inc. now owns 13,447 shares of the textile maker’s stock worth $217,000 after purchasing an additional 1,200 shares during the period. Wedbush Securities Inc. bought a new position in shares of Superior Group of Companies during the 3rd quarter worth about $238,000. Rhumbline Advisers grew its position in Superior Group of Companies by 6.8% during the third quarter. Rhumbline Advisers now owns 15,157 shares of the textile maker’s stock worth $244,000 after buying an additional 968 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Superior Group of Companies by 5.9% during the second quarter. HighTower Advisors LLC now owns 14,451 shares of the textile maker’s stock worth $248,000 after buying an additional 800 shares in the last quarter. 37.66% of the stock is currently owned by hedge funds and other institutional investors.

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: 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 health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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