Wall Street Zen Upgrades Superior Group of Companies (NASDAQ:SGC) to “Strong-Buy”

Superior Group of Companies (NASDAQ:SGC) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $11.45 on Friday. The business has a fifty day moving average of $10.31 and a 200-day moving average of $9.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 2.66. Superior Group of Companies has a twelve month low of $8.30 and a twelve month high of $13.78. The firm has a market cap of $179.82 million, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $146.58 million for the quarter, compared to the consensus estimate of $145.23 million. Superior Group of Companies had a net margin of 1.24% and a return on equity of 3.62%. On average, equities research analysts predict that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Institutional Trading of Superior Group of Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGC. Vanguard Group Inc. raised its holdings in Superior Group of Companies by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker’s stock worth $7,399,000 after purchasing an additional 13,250 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Superior Group of Companies by 17.6% in the 4th quarter. North Star Investment Management Corp. now owns 494,975 shares of the textile maker’s stock valued at $4,791,000 after purchasing an additional 74,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Superior Group of Companies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 269,508 shares of the textile maker’s stock valued at $2,609,000 after purchasing an additional 2,442 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Superior Group of Companies by 7.5% during the 4th quarter. Wells Fargo & Company MN now owns 262,591 shares of the textile maker’s stock worth $2,542,000 after buying an additional 18,268 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Superior Group of Companies during the 3rd quarter worth approximately $2,596,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.