Superior Group of Companies (NASDAQ:SGC) Stock Bumped Up to Strong-Buy by DA Davidson

Key Points

• DA Davidson upgraded Superior Group of Companies to “strong buy,” while Wall Street Zen also raised its rating. Analysts’ average rating is “Buy,” with an average price target of $18.00.
• SGC shares opened at $13.00, up 0.2%, and remain below their 52-week high of $14.59. The company has a market capitalization of approximately $207 million.
• Superior exceeded quarterly expectations, reporting $0.21 in EPS versus the $0.10 consensus and revenue of $147.84 million versus $142.87 million expected. Institutional investors own 33.75% of the company.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) was upgraded by analysts at DA Davidson to a "strong-buy" rating in a research report issued on Monday, Zacks reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen upgraded Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a report on Saturday. Weiss Ratings restated 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 Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Superior Group of Companies has an average rating of "Buy" and an average price target of $18.00.

Superior Group of Companies Trading Up 0.2%

SGC opened at $13.00 on Monday. Superior Group of Companies has a 1-year low of $8.30 and a 1-year high of $14.59. The stock has a market capitalization of $207.22 million, a PE ratio of 23.64, a PEG ratio of 2.03 and a beta of 1.47. The company has a current ratio of 2.60, a quick ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $12.71 and a two-hundred day moving average price of $12.25.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted 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 business had revenue of $147.84 million during the quarter, compared to the consensus estimate of $142.87 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, equities analysts anticipate that Superior Group of Companies will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Superior Group of Companies

Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in Superior Group of Companies by 2.7% during the 1st quarter. Hsbc Holdings PLC now owns 34,049 shares of the textile maker's stock valued at $351,000 after purchasing an additional 898 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 purchasing an additional 1,426 shares in the last quarter. CWC Advisors LLC. lifted its holdings in shares of Superior Group of Companies by 10.4% in the first quarter. CWC Advisors LLC. now owns 49,097 shares of the textile maker's stock valued at $499,000 after purchasing an additional 4,608 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Superior Group of Companies during the second quarter valued at approximately $61,000. Finally, Bank of America Corp DE boosted its position in shares of 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 valued at $304,000 after buying an additional 4,712 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company's stock.

About Superior Group of Companies

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.

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