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 research report report published on Monday,Wall Street Zen reports.

A number of other equities analysts also recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Superior Group of Companies in a report on Thursday, August 27th. DA Davidson boosted their price objective 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $12.40 on Monday. The company has a market cap of $197.66 million, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45. The company has a 50-day moving average price of $12.78 and a 200-day moving average price of $12.02. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 0.39. Superior Group of Companies has a 12 month low of $8.30 and a 12 month high of $14.59.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.11. Superior Group of Companies had a return on equity of 5.29% and a net margin of 1.44%.The company had revenue of $147.84 million for the quarter, compared to analysts’ expectations of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, August 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.5%. Superior Group of Companies’s dividend payout ratio is 101.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its stake in shares of Superior Group of Companies by 2.7% in the first quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker’s stock worth $351,000 after acquiring an additional 898 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Superior Group of Companies by 11.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the textile maker’s stock valued at $140,000 after purchasing an additional 1,426 shares during the period. CWC Advisors LLC. lifted its holdings 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 worth $499,000 after purchasing an additional 4,608 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Superior Group of Companies in the 2nd quarter worth approximately $61,000. Finally, Bank of America Corp DE boosted its stake in Superior Group of Companies by 18.7% in the 1st quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock worth $304,000 after purchasing an additional 4,712 shares during the period. 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 services company headquartered in Seminole, Florida. The company has historically operated through businesses serving the healthcare apparel and business-process outsourcing markets.

Superior Group’s healthcare apparel operations have provided uniforms, scrubs, lab coats, and related garments and accessories for healthcare professionals and institutions. Its brands have included Fashion Seal Healthcare and other specialty apparel offerings.