Superior Group of Companies (NASDAQ:SGC) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Superior Group of Companies (NASDAQ:SGC) from a strong-buy rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on SGC. DA Davidson lifted their price objective on Superior Group of Companies from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Superior Group of Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Superior Group of Companies Stock Down 1.9%

SGC stock opened at $11.95 on Friday. Superior Group of Companies has a 52-week low of $8.30 and a 52-week high of $14.59. The company’s 50 day simple moving average is $12.93 and its 200-day simple moving average is $11.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.60 and a quick ratio of 1.76. The firm has a market capitalization of $190.48 million, a P/E ratio of 21.73, a P/E/G ratio of 1.90 and a beta of 1.45.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. The firm had revenue of $147.84 million during the quarter, compared to analyst estimates of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, equities research analysts anticipate that Superior Group of Companies will post 0.64 EPS for the current year.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, August 14th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 101.82%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in shares of Superior Group of Companies by 7.5% during the 1st quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker’s stock worth $1,008,000 after buying an additional 6,416 shares during the period. Hsbc Holdings PLC lifted its holdings in Superior Group of Companies by 34.6% in the second quarter. Hsbc Holdings PLC now owns 29,917 shares of the textile maker’s stock valued at $309,000 after buying an additional 7,684 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Superior Group of Companies by 21.1% in the second quarter. Qube Research & Technologies Ltd now owns 26,293 shares of the textile maker’s stock valued at $271,000 after buying an additional 4,589 shares during the period. Jane Street Group LLC bought a new position in Superior Group of Companies in the second quarter valued at approximately $206,000. Finally, Ameriprise Financial Inc. boosted 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 acquiring an additional 1,021 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.