Analyst Kevin Steinke from Barrington maintained a Buy rating on Superior Group of Companies (SGC – Research Report) and keeping the price target at $15.00.
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Kevin Steinke has given his Buy rating due to a combination of factors that highlight the potential for Superior Group of Companies to achieve significant growth. The company’s Branded Products segment is gaining market share despite economic uncertainties, thanks to its strong balance sheet and aggressive market approach. This segment is well-positioned for revenue growth once economic conditions improve, as it continues to attract salespeople by removing mundane tasks and allowing them to focus on selling.
Additionally, the Healthcare Apparel segment, although impacted by economic uncertainty, shows promise with its direct-to-consumer website for fashion scrub apparel, which has exceeded management’s expectations. The Contact Centers segment also demonstrates strong growth potential, driven by a new internal sales force and a focus on small and mid-sized customers. These factors, combined with the company’s strategic positioning in various industries, support the Outperform rating with a 12-month price target of $15.
Steinke covers the Industrials sector, focusing on stocks such as Huron Consulting, Distribution Solutions Group, and HireQuest. According to TipRanks, Steinke has an average return of 13.5% and a 55.97% success rate on recommended stocks.
In another report released on May 29, Noble Financial also initiated coverage with a Buy rating on the stock with a $16.00 price target.
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