DA Davidson upgraded shares of Superior Group of Companies (NASDAQ:SGC – Free Report) to a strong-buy rating in a research note published on Monday,Zacks reports.
SGC has been the subject of several other reports. Wall Street Zen upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Superior Group of Companies in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $18.00.
Get Our Latest Analysis on SGC
Superior Group of Companies Stock Up 0.2%
Superior Group of Companies (NASDAQ:SGC – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.21 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Sell-side analysts expect that Superior Group of Companies will post 0.64 earnings per share for the current year.
Superior Group of Companies Announces Dividend
The business also recently disclosed 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, August 14th. Superior Group of Companies’s dividend payout ratio is 101.82%.
Institutional Investors Weigh In On Superior Group of Companies
A number of institutional investors have recently added to or reduced their stakes in SGC. Hsbc Holdings PLC grew its holdings in shares of Superior Group of Companies by 2.7% during the first quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker’s stock valued at $351,000 after buying an additional 898 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 worth $140,000 after acquiring an additional 1,426 shares during the last quarter. CWC Advisors LLC. lifted its position in Superior Group of Companies by 10.4% during the 1st 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 period. Public Employees Retirement System of Ohio acquired a new stake in Superior Group of Companies during the 2nd quarter worth about $61,000. Finally, 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 acquiring an additional 4,712 shares during the period. Institutional investors own 33.75% of the company’s stock.
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.
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