Superior Group of Companies (NASDAQ:SGC) Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Superior Group of Companies from “strong buy” to “buy.” Other analyst ratings include one “buy” and one “hold,” producing a “Moderate Buy” consensus with an average price target of $18.
• SGC shares opened at $12.53, compared with a 52-week range of $8.30 to $14.59. The company recently reported quarterly EPS of $0.21, exceeding the $0.10 consensus estimate, while revenue of $147.84 million also topped expectations.
• Institutional investors have generally increased their positions, and hedge funds and other institutions own 33.75% of the company’s stock.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Monday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Superior Group of Companies in a report on Thursday, August 27th. DA Davidson boosted their price target on Superior Group of Companies from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.00.

Superior Group of Companies Price Performance

Shares of NASDAQ:SGC opened at $12.53 on Monday. Superior Group of Companies has a one year low of $8.30 and a one year high of $14.59. 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 company has a market cap of $199.73 million, a price-to-earnings ratio of 22.78, a PEG ratio of 1.96 and a beta of 1.45. The firm has a 50 day simple moving average of $12.81 and a 200 day simple moving average of $11.97.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $147.84 million during 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. Research analysts predict that Superior Group of Companies will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Superior Group of Companies by 7.5% during the first quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker's stock valued at $1,008,000 after purchasing an additional 6,416 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Superior Group of Companies by 34.6% during the second quarter. Hsbc Holdings PLC now owns 29,917 shares of the textile maker's stock valued at $309,000 after purchasing an additional 7,684 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Superior Group of Companies by 21.1% in the second quarter. Qube Research & Technologies Ltd now owns 26,293 shares of the textile maker's stock worth $271,000 after purchasing an additional 4,589 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Superior Group of Companies in the second quarter worth about $206,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Superior Group of Companies by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker's stock worth $182,000 after buying an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors 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.

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