Superior Group of Companies (NASDAQ:SGC) Lowered to Hold Rating by Wall Street Zen

Superior Group of Companies (NASDAQ:SGC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other analysts have also issued reports about the company. Barrington Research boosted their price objective on Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Superior Group of Companies in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.33.

Superior Group of Companies Stock Performance

Shares of SGC stock opened at $9.35 on Friday. The firm’s 50 day moving average is $10.73 and its 200 day moving average is $10.73. The stock has a market capitalization of $149.30 million, a P/E ratio of 18.33, a PEG ratio of 2.36 and a beta of 1.39. Superior Group of Companies has a 12 month low of $8.79 and a 12 month high of $17.84. 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) last released its quarterly earnings data on Monday, November 3rd. The textile maker reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $138.47 million during the quarter, compared to analysts’ expectations of $144.49 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. On average, sell-side analysts anticipate that Superior Group of Companies will post 0.77 earnings per share for the current year.

Insider Buying and Selling

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $11.46, for a total transaction of $137,520.00. Following the sale, the director owned 202,126 shares in the company, valued at $2,316,363.96. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Superior Group of Companies

A number of hedge funds have recently bought and sold shares of SGC. Kapitalo Investimentos Ltda bought a new position in Superior Group of Companies during the second quarter valued at approximately $122,000. Ancora Advisors LLC purchased a new stake in shares of Superior Group of Companies in the 1st quarter valued at $133,000. Bank of America Corp DE grew its holdings in shares of Superior Group of Companies by 20.5% during the 2nd quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 2,511 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Superior Group of Companies in the 3rd quarter worth $176,000. Finally, Arete Wealth Advisors LLC lifted its stake in Superior Group of Companies by 18.4% in the first quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker’s stock worth $193,000 after purchasing an additional 2,737 shares during the last quarter. 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.