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

Superior Group of Companies (NASDAQ:SGC) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson raised 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Superior Group of Companies in a report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Superior Group of Companies Stock Performance

Shares of SGC opened at $12.98 on Friday. The stock has a fifty day moving average price of $12.70 and a two-hundred day moving average price of $12.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.76 and a current ratio of 2.60. Superior Group of Companies has a 52-week low of $8.30 and a 52-week high of $14.59. The company has a market cap of $206.90 million, a price-to-earnings ratio of 23.60, a PEG ratio of 2.03 and a beta of 1.47.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Tuesday, August 4th. The textile maker reported $0.21 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. Analysts predict that Superior Group of Companies will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Superior Group of Companies

Several large investors have recently bought and sold shares of SGC. Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies during the second quarter worth $61,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Superior Group of Companies by 11.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the textile maker’s stock valued at $140,000 after buying an additional 1,426 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Superior Group of Companies in the 2nd quarter valued at $206,000. Bank of America Corp DE increased its position in shares of 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 valued at $304,000 after buying an additional 4,712 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Superior Group of Companies by 2.7% in the 1st quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker’s stock valued at $351,000 after buying an additional 898 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc is a provider of branded products and business services. Through its operating companies, the company offers promotional merchandise, branded apparel and uniforms, customer-experience services, and contact-center solutions to businesses and organizations.

Its promotional-products operations, including BAMKO, help companies develop, source and distribute customized merchandise and branded programs. The company’s contact-center business, The Office Gurus, provides outsourced customer care and related support services.