Wavvest Wealth LLC Purchases New Shares in Superior Group of Companies, Inc. $SGC

Wavvest Wealth LLC purchased a new stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 49,745 shares of the textile maker’s stock, valued at approximately $629,000. Wavvest Wealth LLC owned 0.31% of Superior Group of Companies as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in Superior Group of Companies during the second quarter worth $206,000. Public Employees Retirement System of Ohio purchased a new stake in Superior Group of Companies in the second quarter valued at $61,000. Bank of New York Mellon Corp purchased a new stake in Superior Group of Companies in the second quarter valued at $1,344,000. Bank of America Corp DE lifted its stake in shares of Superior Group of Companies by 18.7% in the 1st quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock valued at $304,000 after purchasing an additional 4,712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Superior Group of Companies by 11.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the textile maker’s stock valued at $140,000 after purchasing an additional 1,426 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SGC. Wall Street Zen upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 3rd. DA Davidson upgraded shares of Superior Group of Companies to a “strong-buy” rating in a report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Superior Group of Companies in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $18.00.

Superior Group of Companies Stock Down 4.0%

Shares of NASDAQ SGC opened at $12.63 on Thursday. The firm has a market cap of $201.32 million, a price-to-earnings ratio of 22.96, a PEG ratio of 2.05 and a beta of 1.47. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 0.39. Superior Group of Companies, Inc. has a 52-week low of $8.30 and a 52-week high of $14.59. The business’s 50 day moving average is $12.71 and its two-hundred day moving average is $12.51.

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

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.56 annualized dividend and a yield of 4.4%. Superior Group of Companies’s dividend payout ratio is presently 101.82%.

Superior Group of Companies Company Profile

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.