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 report issued on Sunday,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Superior Group of Companies in a research note on Thursday, August 27th. DA Davidson lifted 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Superior Group of Companies Trading Down 2.8%

NASDAQ SGC opened at $12.37 on Friday. Superior Group of Companies has a twelve month low of $8.30 and a twelve month high of $14.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.76 and a current ratio of 2.60. The stock has a market cap of $197.18 million, a price-to-earnings ratio of 22.49, a PEG ratio of 1.99 and a beta of 1.45. The firm’s 50 day moving average price is $12.85 and its two-hundred day moving average price is $11.93.

Superior Group of Companies (NASDAQ:SGC) last released its earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $147.84 million during the quarter, compared to analyst estimates of $142.87 million. Superior Group of Companies had a return on equity of 5.29% and a net margin of 1.44%.Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Equities analysts anticipate that Superior Group of Companies will post 0.64 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, August 14th. Superior Group of Companies’s dividend payout ratio (DPR) is 101.82%.

Hedge Funds Weigh In On Superior Group of Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in Superior Group of Companies by 225.3% during the second quarter. California State Teachers Retirement System now owns 1,929 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,336 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Superior Group of Companies in the 2nd quarter valued at $61,000. Bank of New York Mellon Corp acquired a new stake in shares of Superior Group of Companies during the 2nd quarter worth about $1,344,000. Bank of America Corp DE boosted its position in 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 valued at $304,000 after buying an additional 4,712 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Superior Group of Companies by 11.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the textile maker’s stock worth $140,000 after buying an additional 1,426 shares in the last quarter. 33.75% of the stock is owned by institutional investors.

About Superior Group of Companies

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.