Superior Group of Companies (NASDAQ:SGC) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Superior Group of Companies has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased analyst confidence in the stock.
• The stock's average price target has been set at $17.33, showing a potential upside based on current trading levels.
• In the latest quarter, Superior Group reported earnings of $0.10 EPS, surpassing analyst expectations, which has contributed to a positive market outlook.

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

A number of other equities analysts have also recently weighed in on SGC. Weiss Ratings reissued a "hold (c)" rating on shares of Superior Group of Companies in a report on Wednesday, October 8th. Barrington Research boosted their price target on Superior Group of Companies from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Superior Group of Companies has an average rating of "Moderate Buy" and an average price target of $17.33.

Superior Group of Companies Stock Down 0.5%

SGC opened at $10.04 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.71 and a quick ratio of 1.70. The business has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $10.77. The stock has a market capitalization of $160.34 million, a P/E ratio of 19.69, a P/E/G ratio of 2.13 and a beta of 1.40. Superior Group of Companies has a 12 month low of $9.11 and a 12 month high of $18.48.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $144.05 million during the quarter, compared to analysts' expectations of $133.32 million. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. Superior Group of Companies has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the sale, the director owned 202,126 shares of the company's stock, valued at $2,316,363.96. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC acquired a new stake in Superior Group of Companies during the first quarter valued at approximately $247,000. Nuveen LLC acquired a new stake in Superior Group of Companies during the first quarter valued at approximately $269,000. Acadian Asset Management LLC raised its stake in Superior Group of Companies by 8.6% during the first quarter. Acadian Asset Management LLC now owns 238,054 shares of the textile maker's stock valued at $2,602,000 after buying an additional 18,833 shares in the last quarter. Strs Ohio acquired a new stake in Superior Group of Companies during the first quarter valued at approximately $319,000. Finally, American Century Companies Inc. raised its stake in Superior Group of Companies by 2.9% during the first quarter. American Century Companies Inc. now owns 374,078 shares of the textile maker's stock valued at $4,092,000 after buying an additional 10,662 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company's stock.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.

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