Superior Group of Companies, Inc. (NASDAQ:SGC – Get Free Report)’s stock price crossed 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 traded.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. DA Davidson raised their price target on shares of Superior Group of Companies from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Superior Group of Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Two 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.50.
Check Out Our Latest Report on Superior Group of Companies
Superior Group of Companies Stock Performance
Superior Group of Companies (NASDAQ:SGC – Get Free Report) last posted its earnings results on Monday, May 4th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company 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 earnings per share for the current fiscal year.
Superior Group of Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.56 dividend on an annualized basis and a yield of 4.2%. Superior Group of Companies’s payout ratio is currently 98.25%.
Institutional Trading of Superior Group of Companies
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in 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 worth $304,000 after buying an additional 4,712 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in 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 acquiring an additional 1,426 shares in the last quarter. Hsbc Holdings PLC increased its position in Superior Group of Companies by 2.7% in the 1st 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 in the last quarter. North Star Investment Management Corp. raised its stake in shares of Superior Group of Companies by 8.6% in the first quarter. North Star Investment Management Corp. now owns 537,475 shares of the textile maker’s stock worth $5,461,000 after acquiring an additional 42,500 shares during the last quarter. Finally, CWC Advisors LLC. raised its stake in shares of Superior Group of Companies by 10.4% in the first quarter. CWC Advisors LLC. now owns 49,097 shares of the textile maker’s stock worth $499,000 after acquiring an additional 4,608 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.
Superior Group of Companies Company Profile
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.
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