Superior Group of Companies (NASDAQ:SGC) Downgraded by Wall Street Zen to Buy

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

Other research analysts also recently issued research reports about the company. DA Davidson raised Superior Group of Companies to a “strong-buy” rating in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Superior Group of Companies in a report on Thursday, August 27th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Superior Group of Companies in a research note on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.00.

Superior Group of Companies Price Performance

Shares of NASDAQ SGC traded down $0.16 during trading on Friday, hitting $14.13. 26,630 shares of the company were exchanged, compared to its average volume of 39,052. The company has a market cap of $224.61 million, a price-to-earnings ratio of 26.17, a PEG ratio of 2.30 and a beta of 1.46. Superior Group of Companies has a 1 year low of $8.30 and a 1 year high of $14.69. The firm’s fifty day moving average price is $12.92 and its 200 day moving average price is $12.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.61 and a quick ratio of 1.76.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Monday, November 9th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $145.99 million during the quarter, compared to analysts’ expectations of $143.48 million. Superior Group of Companies had a net margin of 1.39% and a return on equity of 5.21%. Superior Group of Companies has set its FY 2026 guidance at 0.600-0.660 EPS. On average, sell-side analysts expect that Superior Group of Companies will post 0.62 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, November 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.0%. Superior Group of Companies’s payout ratio is 103.70%.

Institutional Investors Weigh In On Superior Group of Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in Superior Group of Companies by 40.1% in the 3rd quarter. Empowered Funds LLC now owns 136,652 shares of the textile maker’s stock worth $1,729,000 after buying an additional 39,108 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Superior Group of Companies during the 2nd quarter worth about $1,344,000. Marshall Wace LLP boosted its position in shares of Superior Group of Companies by 235.0% in the third quarter. Marshall Wace LLP now owns 62,674 shares of the textile maker’s stock worth $793,000 after acquiring an additional 43,963 shares during the last quarter. Wavvest Wealth LLC acquired a new stake in shares of Superior Group of Companies in the third quarter worth approximately $629,000. Finally, Ritholtz Wealth Management purchased a new position in Superior Group of Companies during the third quarter worth approximately $394,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies, Inc. is a diversified provider of branded products, workwear and business services. Its businesses design, source and deliver uniforms and image apparel, promotional products and branded merchandise, as well as customer-care and business-process outsourcing services. The company operates through businesses including Superior Uniform Group, BAMKO and The Office Gurus. Its offerings serve customers across industries, from organizations seeking employee uniforms and promotional merchandise to companies needing outsourced contact-center support.