Superior Group of Companies (NASDAQ:SGC) Stock Rating Raised to “Strong-Buy” at Wall Street Zen
by Michael Walen · The Markets DailyWall Street Zen upgraded shares of Superior Group of Companies (NASDAQ:SGC – Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday,Wall Street Zen reports.
Several other research firms have also recently issued reports on SGC. DA Davidson lifted their price objective on shares of Superior Group of Companies from $15.00 to $18.00 and gave the stock 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 given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.
Check Out Our Latest Report on Superior Group of Companies
Superior Group of Companies Price Performance
SGC stock opened at $12.98 on Friday. The business’s 50-day moving average is $12.70 and its two-hundred day moving average is $12.22. 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 capitalization of $206.90 million, a P/E ratio of 23.60, a P/E/G ratio of 2.03 and a beta of 1.47. Superior Group of Companies has a 1 year low of $8.30 and a 1 year high of $14.59.
Superior Group of Companies (NASDAQ:SGC – Get Free Report) last released its 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. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. The firm had revenue of $147.84 million for the quarter, compared to analyst estimates of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Analysts anticipate 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 disclosed 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 of this dividend was Friday, August 14th. This represents a $0.56 dividend on an annualized basis and a yield of 4.3%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 101.82%.
Institutional Trading of Superior Group of Companies
Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in Superior Group of Companies during the second quarter worth $206,000. Public Employees Retirement System of Ohio purchased a new stake in Superior Group of Companies during the second quarter worth $61,000. Bank of New York Mellon Corp acquired a new stake in Superior Group of Companies in the second quarter valued at $1,344,000. Bank of America Corp DE grew its holdings in Superior Group of Companies by 18.7% in the first quarter. Bank of America Corp DE now owns 29,959 shares of the textile maker’s stock valued at $304,000 after purchasing an additional 4,712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Superior Group of Companies by 11.6% in the first 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 in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.
Superior Group of Companies Company Profile
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.