Superior Group of Companies (NASDAQ:SGC) Upgraded by Wall Street Zen to Strong-Buy Rating

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 released on Saturday.

Other equities analysts also recently issued research reports about the company. Barrington Research upped their target price on Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

Superior Group of Companies Price Performance

NASDAQ SGC opened at $10.04 on Friday. The stock’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $10.77. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49. The company has a market cap of $160.32 million, a PE ratio of 19.69, a PEG ratio of 2.12 and a beta of 1.40. Superior Group of Companies has a 1 year low of $9.11 and a 1 year high of $18.48.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $144.05 million for the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. Superior Group of Companies has set its FY 2025 guidance at EPS. On average, analysts predict that Superior Group of Companies will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, August 18th. Superior Group of Companies’s dividend payout ratio is currently 109.80%.

Insider Buying and Selling at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the transaction, the director directly owned 202,126 shares in the company, valued at approximately $2,316,363.96. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 26.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new stake in shares of Superior Group of Companies in the first quarter valued at $32,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Superior Group of Companies in the second quarter valued at $122,000. Ancora Advisors LLC acquired a new stake in shares of Superior Group of Companies in the first quarter valued at $133,000. Bank of America Corp DE increased its stake in shares of Superior Group of Companies by 20.5% in the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock valued at $152,000 after buying an additional 2,511 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Superior Group of Companies by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock valued at $182,000 after buying an additional 1,021 shares in 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.