Superior Group of Companies (NASDAQ:SGC) Rating Increased to Strong-Buy 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.

A number of other research analysts have also recently issued reports on the stock. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Superior Group of Companies in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Superior Group of Companies Stock Performance

SGC opened at $12.73 on Friday. The stock has a market cap of $202.92 million, a PE ratio of 23.15, a PEG ratio of 1.99 and a beta of 1.45. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $12.87 and a 200-day moving average of $11.89. Superior Group of Companies has a 52 week low of $8.30 and a 52 week high of $14.59.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. The company had revenue of $147.84 million for the quarter, compared to analysts’ expectations 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 research analysts predict that Superior Group of Companies will post 0.64 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, August 14th. Superior Group of Companies’s payout ratio is currently 101.82%.

Hedge Funds Weigh In On Superior Group of Companies

A number of hedge funds have recently bought and sold shares of SGC. North Star Investment Management Corp. increased its position in shares of Superior Group of Companies by 8.6% during the first quarter. North Star Investment Management Corp. now owns 537,475 shares of the textile maker’s stock valued at $5,461,000 after acquiring an additional 42,500 shares in the last quarter. CWC Advisors LLC. lifted its position in Superior Group of Companies by 10.4% in the 1st quarter. CWC Advisors LLC. now owns 49,097 shares of the textile maker’s stock valued at $499,000 after acquiring an additional 4,608 shares in the last quarter. Certior Financial Group LLC bought a new position in Superior Group of Companies in the 4th quarter valued at approximately $105,000. Public Employees Retirement System of Ohio purchased a new stake in Superior Group of Companies during the 2nd quarter valued at $61,000. Finally, Bank of America Corp DE boosted its stake in Superior Group of Companies by 18.7% during the 1st quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock valued at $304,000 after purchasing an additional 4,712 shares during the last quarter. Institutional investors 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.