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

Superior Group of Companies, Inc. (NASDAQ:SGC)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 traded.

Analysts Set New Price Targets

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

Superior Group of Companies Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.73. The stock has a market capitalization of $192.09 million, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.98 and a beta of 1.41. The company has a 50-day moving average of $11.00 and a 200-day moving average of $10.26.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data on Monday, May 4th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $140.88 million during the quarter, compared to the consensus estimate of $138.21 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, equities research analysts expect that Superior Group of Companies, Inc. will post 0.59 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SGC. Empowered Funds LLC raised its position in shares of Superior Group of Companies by 7.5% during the 1st quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker’s stock worth $1,008,000 after purchasing an additional 6,416 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Superior Group of Companies by 34.6% in the 2nd quarter. Hsbc Holdings PLC now owns 29,917 shares of the textile maker’s stock valued at $309,000 after acquiring an additional 7,684 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Superior Group of Companies by 21.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 26,293 shares of the textile maker’s stock valued at $271,000 after acquiring an additional 4,589 shares during the last quarter. Jane Street Group LLC acquired a new position in Superior Group of Companies in the 2nd quarter valued at $206,000. Finally, Ameriprise Financial Inc. raised its holdings in Superior Group of Companies by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock valued at $182,000 after acquiring an additional 1,021 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.