Wall Street Zen Downgrades Superior Group of Companies (NASDAQ:SGC) to Buy

Superior Group of Companies (NASDAQ:SGC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

SGC has been the subject of a number of other reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Superior Group of Companies in a research report on Saturday. Barrington Research lifted their price target on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Superior Group of Companies has a consensus rating of "Moderate Buy" and an average target price of $17.33.

Superior Group of Companies Price Performance

Superior Group of Companies stock opened at $10.23 on Friday. Superior Group of Companies has a 12-month low of $9.11 and a 12-month high of $18.48. The stock has a market cap of $163.37 million, a P/E ratio of 20.06, a PEG ratio of 2.50 and a beta of 1.40. The company has a 50-day moving average price of $11.39 and a 200 day moving average price of $10.78. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released 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. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. The firm had revenue of $144.05 million during the quarter, compared to analysts' expectations of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Superior Group of Companies will post 0.77 earnings per share for the current year.

Insider Transactions at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the transaction, the director owned 202,126 shares in the company, valued at $2,316,363.96. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SGC. Cloud Capital Management LLC purchased a new position in Superior Group of Companies in the first quarter worth approximately $32,000. Nuveen LLC purchased a new position in Superior Group of Companies in the first quarter worth approximately $269,000. American Century Companies Inc. lifted its stake in Superior Group of Companies by 2.9% in the first quarter. American Century Companies Inc. now owns 374,078 shares of the textile maker's stock worth $4,092,000 after acquiring an additional 10,662 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Superior Group of Companies in the first quarter worth approximately $247,000. Finally, Ancora Advisors LLC purchased a new position in Superior Group of Companies in the first quarter worth approximately $133,000. Hedge funds and other institutional investors own 33.75% of the company's stock.

About Superior Group of Companies

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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