Superior Group of Companies (NASDAQ:SGC) Upgraded by Wall Street Zen to “Buy” Rating

Superior Group of Companies (NASDAQ:SGC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Three equities 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, Superior Group of Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

Superior Group of Companies Trading Down 3.1%

SGC stock opened at $10.21 on Friday. The business has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.66 and a quick ratio of 1.83. Superior Group of Companies has a fifty-two week low of $8.30 and a fifty-two week high of $14.46. The stock has a market capitalization of $160.30 million, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.82 and a beta of 1.47.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, March 3rd. The textile maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $146.58 million for the quarter, compared to analyst estimates of $145.23 million. Superior Group of Companies had a return on equity of 3.62% and a net margin of 1.24%. Analysts expect that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SGC. Vanguard Group Inc. increased its stake in Superior Group of Companies by 2.0% in the third quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker’s stock valued at $7,399,000 after purchasing an additional 13,250 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Superior Group of Companies by 17.6% during the fourth quarter. North Star Investment Management Corp. now owns 494,975 shares of the textile maker’s stock worth $4,791,000 after purchasing an additional 74,000 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Superior Group of Companies by 2.5% in the 2nd 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 during the period. Geode Capital Management LLC increased its position in shares of Superior Group of Companies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 269,508 shares of the textile maker’s stock valued at $2,609,000 after buying an additional 2,442 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Superior Group of Companies by 7.5% in the 4th quarter. Wells Fargo & Company MN now owns 262,591 shares of the textile maker’s stock valued at $2,542,000 after buying an additional 18,268 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Company Profile

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.