Superior Group of Companies (NASDAQ:SGC) Upgraded at DA Davidson

DA Davidson upgraded shares of Superior Group of Companies (NASDAQ:SGC) to a strong-buy rating in a research note published on Monday,Zacks reports.

SGC has been the topic of a number of other research reports. Wall Street Zen raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Superior Group of Companies in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.

Superior Group of Companies Stock Up 0.8%

Shares of Superior Group of Companies stock opened at $13.15 on Monday. The business’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $12.30. Superior Group of Companies has a 52-week low of $8.30 and a 52-week high of $14.59. The firm has a market cap of $209.61 million, a PE ratio of 23.91, a P/E/G ratio of 2.04 and a beta of 1.47. 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 (NASDAQ:SGC) last released its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The firm had revenue of $147.84 million during the quarter, compared to the consensus estimate of $142.87 million. Superior Group of Companies had a return on equity of 5.29% and a net margin of 1.44%.Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. On average, analysts predict that Superior Group of Companies will post 0.64 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, August 14th. Superior Group of Companies’s dividend payout ratio (DPR) is currently 101.82%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies in the second quarter valued at $61,000. Allspring Global Investments Holdings LLC lifted its stake in 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 purchasing an additional 1,426 shares during the last quarter. NewEdge Advisors LLC bought a new position in Superior Group of Companies during the second quarter worth about $206,000. Bank of America Corp DE increased its position in Superior Group of Companies by 18.7% during the first quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock worth $304,000 after buying an additional 4,712 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in 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 valued at $351,000 after buying an additional 898 shares during the period. Institutional investors and hedge funds 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.