Superior Group of Companies (NASDAQ:SGC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Superior Group of Companies (NASDAQ:SGC) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Other analysts have also issued reports about the company. Barrington Research boosted their price target on Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

Superior Group of Companies Stock Up 1.3%

Shares of SGC stock opened at $10.17 on Friday. The firm has a fifty day moving average of $11.56 and a 200-day moving average of $10.77. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49. Superior Group of Companies has a 12-month low of $9.11 and a 12-month high of $18.48. The company has a market capitalization of $162.41 million, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.45 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. Superior Group of Companies has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, August 18th. Superior Group of Companies’s dividend payout ratio is presently 109.80%.

Insider Buying and Selling

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the transaction, the director directly owned 202,126 shares in the company, valued at $2,316,363.96. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.70% of the company’s stock.

Institutional Investors Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently made changes to their positions in SGC. American Century Companies Inc. grew its stake in shares of Superior Group of Companies by 2.5% in the second quarter. American Century Companies Inc. now owns 383,425 shares of the textile maker’s stock valued at $3,949,000 after buying an additional 9,347 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Superior Group of Companies by 8.6% in the first quarter. Acadian Asset Management LLC now owns 238,054 shares of the textile maker’s stock valued at $2,602,000 after acquiring an additional 18,833 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Superior Group of Companies by 0.8% in the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock valued at $1,816,000 after acquiring an additional 1,331 shares during the last quarter. Empowered Funds LLC grew its position in shares of Superior Group of Companies by 7.5% in the 1st quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker’s stock valued at $1,008,000 after acquiring an additional 6,416 shares during the period. Finally, CWC Advisors LLC. increased its stake in shares of Superior Group of Companies by 2.9% during the 2nd quarter. CWC Advisors LLC. now owns 49,455 shares of the textile maker’s stock worth $509,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.