Superior Group of Companies (NASDAQ:SGC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Superior Group of Companies (NASDAQ:SGC) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also weighed in on SGC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Superior Group of Companies in a report on Thursday, August 27th. DA Davidson increased their price target on shares of Superior Group of Companies from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.00.

Superior Group of Companies Price Performance

Superior Group of Companies stock opened at $13.00 on Friday. Superior Group of Companies has a one year low of $8.30 and a one year high of $14.59. The business has a fifty day moving average price of $12.71 and a 200-day moving average price of $12.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a market capitalization of $207.22 million, a P/E ratio of 23.64, a PEG ratio of 2.03 and a beta of 1.47.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $147.84 million during the quarter, compared to analysts’ expectations of $142.87 million. Superior Group of Companies had a return on equity of 5.29% and a net margin of 1.44%.Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, equities research analysts forecast that Superior Group of Companies will post 0.64 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.56 annualized dividend and a dividend yield of 4.3%. Superior Group of Companies’s dividend payout ratio is presently 101.82%.

Institutional Investors Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently made changes to their positions in SGC. NewEdge Advisors LLC purchased a new position in Superior Group of Companies during the second quarter worth about $206,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies in the 2nd quarter valued at about $61,000. Bank of New York Mellon Corp bought a new stake in shares of Superior Group of Companies during the 2nd quarter valued at about $1,344,000. Bank of America Corp DE boosted its position in shares of Superior Group of Companies by 18.7% during the 1st quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock valued at $304,000 after acquiring an additional 4,712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Superior Group of Companies by 11.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the textile maker’s stock worth $140,000 after purchasing an additional 1,426 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies, Inc is a provider of branded products and business services. Through its operating companies, the company offers promotional merchandise, branded apparel and uniforms, customer-experience services, and contact-center solutions to businesses and organizations.

Its promotional-products operations, including BAMKO, help companies develop, source and distribute customized merchandise and branded programs. The company’s contact-center business, The Office Gurus, provides outsourced customer care and related support services.