Superior Group of Companies (NASDAQ:SGC – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday, Wall Street Zen reports.
Several other research analysts have also recently weighed in on the stock. DA Davidson boosted their price target on shares of Superior Group of Companies from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Superior Group of Companies in a research report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.00.
Get Our Latest Analysis on Superior Group of Companies
Superior Group of Companies Price Performance
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 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Equities research analysts expect that Superior Group of Companies will post 0.64 EPS for the current fiscal year.
Hedge Funds Weigh In On Superior Group of Companies
Several hedge funds and other institutional investors have recently made changes to their positions in SGC. North Star Investment Management Corp. lifted its stake in 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. Bank of New York Mellon Corp purchased a new stake in shares of Superior Group of Companies in the 2nd quarter valued at approximately $1,344,000. CWC Advisors LLC. increased its position in shares of Superior Group of Companies by 10.4% in the 1st quarter. CWC Advisors LLC. now owns 49,097 shares of the textile maker’s stock valued at $499,000 after purchasing an additional 4,608 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of 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 purchasing an additional 898 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Superior Group of Companies by 18.7% in the 1st quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock valued at $304,000 after purchasing an additional 4,712 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.
About Superior Group of Companies
Superior Group of Companies, Inc is a diversified services company headquartered in Seminole, Florida. The company has historically operated through businesses serving the healthcare apparel and business-process outsourcing markets.
Superior Group’s healthcare apparel operations have provided uniforms, scrubs, lab coats, and related garments and accessories for healthcare professionals and institutions. Its brands have included Fashion Seal Healthcare and other specialty apparel offerings.
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