Weiss Ratings Reiterates Hold (C) Rating for Superior Group of Companies (NASDAQ:SGC)

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for Superior Group of Companies (NASDAQ:SGC) amidst mixed reviews from other brokerages.
• Superior Group's stock experienced a recent price upgrade from Wall Street Zen, moving from "hold" to "buy," while Barrington Research increased its target price to $16.00.
• The company's quarterly earnings showed a significant beat on estimates, reporting $0.10 EPS compared to an expected $0.05, with revenue reaching $144.05 million.

Superior Group of Companies (NASDAQ:SGC - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on SGC. Wall Street Zen upgraded shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barrington Research upped their target price on shares of Superior Group of Companies from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.33.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $10.23 on Wednesday. The company has a market capitalization of $163.37 million, a price-to-earnings ratio of 20.06, a PEG ratio of 2.14 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. The firm's 50-day moving average is $11.62 and its 200 day moving average is $10.81. 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 issued its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $144.05 million for the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. Superior Group of Companies has set its FY 2025 guidance at EPS. Research analysts predict that Superior Group of Companies will post 0.77 EPS for the current 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 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 sale, the director owned 202,126 shares of the company's stock, valued at approximately $2,316,363.96. This represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 26.70% of the company's stock.

Institutional Investors Weigh In On Superior Group of Companies

Hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in shares of Superior Group of Companies in the 1st quarter worth approximately $32,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Superior Group of Companies in the 2nd quarter worth approximately $122,000. Ancora Advisors LLC purchased a new stake in Superior Group of Companies during the first quarter valued at approximately $133,000. Bank of America Corp DE lifted its position in Superior Group of Companies by 20.5% during the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker's stock valued at $152,000 after acquiring an additional 2,511 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Superior Group of Companies by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker's stock valued at $182,000 after acquiring an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors 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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