Superior Group of Companies (NASDAQ:SGC) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.00 and traded as high as $12.39. Superior Group of Companies shares last traded at $12.29, with a volume of 64,993 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Tuesday, April 21st. Wall Street Zen upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, DA Davidson boosted their price target on Superior Group of Companies from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Superior Group of Companies Price Performance

The stock has a fifty day simple moving average of $11.00 and a two-hundred day simple moving average of $10.26. The company has a market cap of $192.09 million, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a current ratio of 2.73, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Monday, May 4th. The textile maker reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Superior Group of Companies had a return on equity of 4.45% and a net margin of 1.51%.The company had revenue of $140.88 million for the quarter, compared to analyst estimates of $138.21 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. On average, equities analysts predict that Superior Group of Companies, Inc. will post 0.59 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.56 annualized dividend and a dividend yield of 4.6%. Superior Group of Companies’s payout ratio is 98.25%.

Institutional Investors Weigh In On Superior Group of Companies

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Superior Group of Companies by 2.7% during the 1st quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker’s stock worth $351,000 after acquiring an additional 898 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Superior Group of Companies by 23.2% during the 4th quarter. Russell Investments Group Ltd. now owns 5,252 shares of the textile maker’s stock worth $51,000 after acquiring an additional 989 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Superior Group of Companies by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock worth $182,000 after acquiring an additional 1,021 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Superior Group of Companies by 9.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,329 shares of the textile maker’s stock worth $119,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Superior Group of Companies by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock worth $1,816,000 after acquiring an additional 1,331 shares in the last quarter. Hedge funds and other 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.