American Century Companies Inc. Has $6.01 Million Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

American Century Companies Inc. lifted its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 363,416 shares of the textile maker's stock after acquiring an additional 38,207 shares during the period. American Century Companies Inc. owned approximately 2.22% of Superior Group of Companies worth $6,007,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SGC. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Superior Group of Companies in the 4th quarter valued at $249,000. Bank of New York Mellon Corp lifted its holdings in Superior Group of Companies by 45.9% during the 4th quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker's stock valued at $2,951,000 after purchasing an additional 56,199 shares during the last quarter. Rhumbline Advisers boosted its position in Superior Group of Companies by 53.4% in the fourth quarter. Rhumbline Advisers now owns 29,940 shares of the textile maker's stock valued at $495,000 after buying an additional 10,427 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Superior Group of Companies by 51.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker's stock worth $2,612,000 after buying an additional 53,492 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Superior Group of Companies by 5.1% during the fourth quarter. Empowered Funds LLC now owns 85,765 shares of the textile maker's stock worth $1,418,000 after buying an additional 4,128 shares in the last quarter. Institutional investors own 33.75% of the company's stock.

Superior Group of Companies Price Performance

Shares of SGC traded up $1.00 during mid-day trading on Wednesday, hitting $10.46. 75,117 shares of the company traded hands, compared to its average volume of 83,527. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $12.75 and a 200 day moving average of $14.81. Superior Group of Companies, Inc. has a one year low of $9.11 and a one year high of $21.80. The stock has a market capitalization of $172.36 million, a price-to-earnings ratio of 12.60, a PEG ratio of 1.52 and a beta of 1.52.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its earnings results on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The firm had revenue of $145.41 million during the quarter, compared to analyst estimates of $146.54 million. As a group, equities analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a yield of 5.35%. Superior Group of Companies's payout ratio is presently 75.68%.

Wall Street Analyst Weigh In

SGC has been the topic of several recent analyst reports. Barrington Research reduced their target price on Superior Group of Companies from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. StockNews.com lowered Superior Group of Companies from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, DA Davidson lowered their target price on Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th.

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.