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 hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Superior Group of Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

Superior Group of Companies Trading Up 2.6%

Shares of SGC stock opened at $10.48 on Friday. Superior Group of Companies has a 1 year low of $8.30 and a 1 year high of $14.46. The firm has a fifty day moving average price of $10.04 and a 200-day moving average price of $10.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.66 and a quick ratio of 1.76. The company has a market cap of $164.54 million, a price-to-earnings ratio of 22.78, a PEG ratio of 1.76 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 the consensus estimate of $0.20 by $0.03. The firm had revenue of $146.58 million during 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%. As a group, equities analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 16th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Friday, February 13th. Superior Group of Companies’s payout ratio is presently 121.74%.

Institutional Trading of Superior Group of Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Superior Group of Companies by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker’s stock worth $7,399,000 after purchasing an additional 13,250 shares in the last quarter. North Star Investment Management Corp. raised 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 valued at $4,791,000 after buying an additional 74,000 shares during the last quarter. American Century Companies Inc. raised its position in shares of Superior Group of Companies by 2.5% during the second 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Superior Group of Companies by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 269,508 shares of the textile maker’s stock worth $2,609,000 after buying an additional 2,442 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Superior Group of Companies by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 262,591 shares of the textile maker’s stock worth $2,542,000 after buying an additional 18,268 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

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.