Superior Group of Companies (NASDAQ:SGC) Rating Lowered to Buy at Wall Street Zen

Superior Group of Companies (NASDAQ:SGC) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also commented on the company. Weiss Ratings upgraded Superior Group of Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. DA Davidson upped 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 note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Superior Group of Companies presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Superior Group of Companies Trading Up 0.1%

Superior Group of Companies stock traded up $0.01 during midday trading on Friday, reaching $12.18. The stock had a trading volume of 21,970 shares, compared to its average volume of 61,364. Superior Group of Companies has a twelve month low of $8.30 and a twelve month high of $14.59. 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 cap of $194.21 million, a price-to-earnings ratio of 22.15, a PEG ratio of 1.90 and a beta of 1.45. The firm’s fifty day simple moving average is $12.92 and its two-hundred day simple moving average is $11.82.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $147.84 million for the quarter, compared to the consensus estimate of $142.87 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Equities analysts anticipate that Superior Group of Companies will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Superior Group of Companies

A number of institutional investors have recently modified their holdings of SGC. Hsbc Holdings PLC lifted its holdings in 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 buying an additional 898 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Superior Group of Companies by 23.2% during the fourth quarter. Russell Investments Group Ltd. now owns 5,252 shares of the textile maker’s stock worth $51,000 after purchasing an additional 989 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 worth $182,000 after acquiring an additional 1,021 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings 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 valued at $1,816,000 after purchasing an additional 1,331 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Superior Group of Companies by 225.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,929 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,336 shares in the last quarter. 33.75% of the stock is owned by institutional investors.

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.