Superior Group of Companies (NASDAQ:SGC) Stock Rating Upgraded by Wall Street Zen

Superior Group of Companies (NASDAQ:SGC) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other research analysts also recently commented on SGC. Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a report on Wednesday, October 8th. Barrington Research increased their price target on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Superior Group of Companies currently has an average rating of “Moderate Buy” and an average target price of $17.33.

Superior Group of Companies Price Performance

Shares of SGC opened at $10.04 on Friday. The firm has a market capitalization of $160.34 million, a price-to-earnings ratio of 19.69, a PEG ratio of 2.45 and a beta of 1.40. The firm’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $10.77. Superior Group of Companies has a twelve month low of $9.11 and a twelve month high of $18.48. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. The firm had revenue of $144.05 million during the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. Equities analysts forecast that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $137,520.00. Following the transaction, the director owned 202,126 shares in the company, valued at $2,316,363.96. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 26.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Superior Group of Companies

Large investors have recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of Superior Group of Companies in the 1st quarter valued at $32,000. Kapitalo Investimentos Ltda acquired a new stake in Superior Group of Companies during the 2nd quarter worth $122,000. Ancora Advisors LLC purchased a new position in Superior Group of Companies during the 1st quarter worth $133,000. Bank of America Corp DE increased its stake in Superior Group of Companies by 20.5% in the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 2,511 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Superior Group of Companies by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock valued at $182,000 after purchasing an additional 1,021 shares during the period. 33.75% of the stock is owned by institutional investors and hedge funds.

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.