Superior Group of Companies (NASDAQ:SGC – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.
Separately, DA Davidson cut 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 report on Wednesday.
Read Our Latest Analysis on SGC
Superior Group of Companies Stock Performance
Superior Group of Companies (NASDAQ:SGC – Get Free Report) last posted its quarterly 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 analyst estimates of $146.54 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. Equities analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Superior Group of Companies
Several hedge funds have recently bought and sold shares of the company. US Bancorp DE raised its position in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 1,729 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Superior Group of Companies by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after buying an additional 1,900 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Superior Group of Companies by 44.2% in the third quarter. GSA Capital Partners LLP now owns 20,098 shares of the textile maker’s stock valued at $311,000 after buying an additional 6,158 shares in the last quarter. Empowered Funds LLC boosted its stake in Superior Group of Companies by 5.4% in the third quarter. Empowered Funds LLC now owns 81,637 shares of the textile maker’s stock valued at $1,265,000 after buying an additional 4,154 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 4,303 shares during the last quarter. 33.75% of the stock is owned by 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: 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.
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