Wavvest Wealth LLC acquired a new stake in Superior Group of Companies, Inc. (NASDAQ:SGC – Free Report) in the third quarter, Holdings Channel reports. The firm acquired 49,745 shares of the textile maker’s stock, valued at approximately $629,000.
Several other large investors have also recently added to or reduced their stakes in SGC. North Star Investment Management Corp. lifted its holdings in Superior Group of Companies by 8.6% during the 1st quarter. North Star Investment Management Corp. now owns 537,475 shares of the textile maker’s stock worth $5,461,000 after buying an additional 42,500 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Superior Group of Companies in the 2nd quarter valued at approximately $1,344,000. Hsbc Holdings PLC grew its stake in shares of Superior Group of Companies by 2.7% in the first quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker’s stock worth $351,000 after acquiring an additional 898 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Superior Group of Companies by 18.7% in the first 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 in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Superior Group of Companies in the second quarter worth $206,000. 33.75% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SGC. Wall Street Zen raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Superior Group of Companies in a report on Thursday, August 27th. Finally, DA Davidson raised Superior Group of Companies to a “strong-buy” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.00.
Read Our Latest Stock Analysis on Superior Group of Companies
Superior Group of Companies Stock Down 4.0%
Shares of NASDAQ:SGC opened at $12.63 on Thursday. The firm’s 50 day moving average price is $12.71 and its 200 day moving average price is $12.51. The stock has a market cap of $201.32 million, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.47. Superior Group of Companies, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $14.59. 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 (NASDAQ:SGC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. The company had revenue of $147.84 million during 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. As a group, equities research analysts predict that Superior Group of Companies, Inc. will post 0.64 earnings per share for the current fiscal year.
Superior Group of Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, August 14th. Superior Group of Companies’s dividend payout ratio (DPR) 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.
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