Superior Group of Companies (NASDAQ:SGC) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Superior Group of Companies, Inc. (NASDAQ:SGC) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.70 and traded as high as $13.44. Superior Group of Companies shares last traded at $13.29, with a volume of 37,841 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on SGC. DA Davidson raised their price objective on shares of Superior Group of Companies from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Superior Group of Companies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Superior Group of Companies Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.73. The stock has a market cap of $207.72 million, a price-to-earnings ratio of 23.32, a P/E/G ratio of 2.19 and a beta of 1.44. The stock has a fifty day simple moving average of $12.70 and a two-hundred day simple moving average of $11.16.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Monday, May 4th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $140.88 million during the quarter, compared to analysts’ expectations of $138.21 million. Superior Group of Companies had a net margin of 1.51% and a return on equity of 4.45%. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Analysts expect that Superior Group of Companies, Inc. will post 0.59 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, May 15th. Superior Group of Companies’s dividend payout ratio (DPR) is currently 98.25%.

Hedge Funds Weigh In On Superior Group of Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC grew its position in Superior Group of Companies by 2.7% during the first quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker’s stock valued at $351,000 after acquiring an additional 898 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Superior Group of Companies by 23.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,252 shares of the textile maker’s stock valued at $51,000 after acquiring an additional 989 shares during the period. Ameriprise Financial Inc. increased its holdings in Superior Group of Companies by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock valued at $182,000 after purchasing an additional 1,021 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Superior Group of Companies by 9.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,329 shares of the textile maker’s stock valued at $119,000 after buying an additional 1,028 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in Superior Group of Companies by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock valued at $1,816,000 after purchasing an additional 1,331 shares during the period. 33.75% of the stock is currently owned by institutional investors.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.