Superior Group of Companies (NASDAQ:SGC) Rating Lowered to Buy at Wall Street Zen

Superior Group of Companies (NASDAQ:SGC) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

A number of other equities research analysts have also recently commented on SGC. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a research note 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 report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.33.

Superior Group of Companies Trading Down 2.7%

Shares of SGC opened at $9.95 on Friday. The firm has a market capitalization of $158.88 million, a P/E ratio of 19.51, a PEG ratio of 2.50 and a beta of 1.40. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average is $11.34 and its two-hundred day moving average is $10.78. Superior Group of Companies has a twelve month low of $9.11 and a twelve month high of $18.48.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 4.22% and a net margin of 1.44%. Superior Group of Companies has set its FY 2025 guidance at EPS. On average, research analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Insider Transactions at Superior Group of Companies

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 shares were sold at an average price of $11.46, for a total transaction of $137,520.00. Following the sale, the director owned 202,126 shares in the company, valued at approximately $2,316,363.96. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.70% of the company’s stock.

Institutional Trading of Superior Group of Companies

Hedge funds have recently added to or reduced their stakes in the business. 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 position in Superior Group of Companies in the second quarter valued at $122,000. Ancora Advisors LLC acquired a new position in Superior Group of Companies in the first quarter valued at $133,000. Bank of America Corp DE boosted its holdings 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 acquiring an additional 2,511 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in Superior Group of Companies by 18.4% in the first quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker’s stock valued at $193,000 after acquiring an additional 2,737 shares during the last quarter. 33.75% of the stock is owned by institutional investors and hedge funds.

Superior Group of Companies Company Profile

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.