Superior Group of Companies (NASDAQ:SGC) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Superior Group of Companies (NASDAQ:SGC) from a strong-buy rating to a buy rating in a research note published on Monday morning,Wall Street Zen reports.

A number of other brokerages have also recently commented on SGC. DA Davidson lifted their target price on shares of Superior Group of Companies from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Superior Group of Companies in a research note on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Superior Group of Companies Stock Down 0.5%

Superior Group of Companies stock opened at $12.47 on Monday. Superior Group of Companies has a fifty-two week low of $8.30 and a fifty-two week high of $14.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.76 and a current ratio of 2.60. The company has a market capitalization of $198.77 million, a P/E ratio of 22.67, a PEG ratio of 1.96 and a beta of 1.45. The stock has a 50-day simple moving average of $12.80 and a 200-day simple moving average of $11.99.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $147.84 million for the quarter, compared to the consensus estimate of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. Equities research analysts expect that Superior Group of Companies will post 0.64 earnings per share for the current 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, August 14th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 101.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SGC. California State Teachers Retirement System lifted its holdings in shares of Superior Group of Companies by 225.3% during the second 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 during the period. Public Employees Retirement System of Ohio acquired a new position in Superior Group of Companies in the 2nd quarter valued at $61,000. Allspring Global Investments Holdings LLC raised its position in Superior Group of Companies by 11.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the textile maker’s stock worth $140,000 after buying an additional 1,426 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Superior Group of Companies during the 2nd quarter worth $206,000. Finally, Bank of America Corp DE lifted its stake 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 worth $304,000 after acquiring an additional 4,712 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

About Superior Group of Companies

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.