Bank of New York Mellon Corp Invests $1.34 Million in Superior Group of Companies, Inc. $SGC

Key Points

• Bank of New York Mellon acquired 102,435 shares of Superior Group of Companies, worth approximately $1.34 million, giving it a 0.66% stake. Institutional investors collectively own 33.75% of the company.
• Analyst sentiment is generally positive: DA Davidson raised its price target to $18 and Wall Street Zen upgraded the stock to “strong buy,” resulting in a consensus “Moderate Buy” rating and an $18 target.
• Superior Group exceeded quarterly expectations with EPS of $0.21 versus the $0.10 consensus and revenue of $147.84 million. The company also paid a quarterly dividend of $0.14, implying a 4.5% yield, though its payout ratio was above 100%.

Bank of New York Mellon Corp purchased a new position in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 102,435 shares of the textile maker's stock, valued at approximately $1,344,000. Bank of New York Mellon Corp owned about 0.66% of Superior Group of Companies at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Superior Group of Companies by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker's stock valued at $7,399,000 after buying an additional 13,250 shares during the last quarter. North Star Investment Management Corp. raised its position in Superior Group of Companies by 8.6% during the first quarter. North Star Investment Management Corp. now owns 537,475 shares of the textile maker's stock valued at $5,461,000 after acquiring an additional 42,500 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Superior Group of Companies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 269,508 shares of the textile maker's stock valued at $2,609,000 after purchasing an additional 2,442 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Superior Group of Companies by 7.5% during the 4th quarter. Wells Fargo & Company MN now owns 262,591 shares of the textile maker's stock valued at $2,542,000 after purchasing an additional 18,268 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Superior Group of Companies in the 3rd quarter valued at $2,596,000. Hedge funds and other institutional investors own 33.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson increased their target price on shares of Superior Group of Companies from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating to the company's stock. According to MarketBeat, Superior Group of Companies presently has an average rating of "Moderate Buy" and a consensus target price of $18.00.

Superior Group of Companies Price Performance

SGC stock opened at $12.39 on Thursday. The stock has a market cap of $197.50 million, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. Superior Group of Companies, Inc. has a 52-week low of $8.30 and a 52-week high of $14.59. The business has a fifty day moving average of $12.83 and a two-hundred day moving average of $11.94. The company has a quick ratio of 1.76, a current ratio of 2.60 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its earnings results on Tuesday, August 4th. The textile maker reported $0.21 EPS for the quarter, beating 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 company had revenue of $147.84 million for the quarter, compared to analysts' expectations of $142.87 million. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, research analysts anticipate that Superior Group of Companies, Inc. will post 0.64 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.5%. Superior Group of Companies's payout ratio is presently 101.82%.

Superior Group of Companies Profile

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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