Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) Director Andrew D. Demott, Jr. sold 12,500 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the transaction, the director now directly owns 205,281 shares of the company's stock, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Superior Group of Companies Stock Performance
Shares of SGC stock traded up $0.04 during mid-day trading on Monday, reaching $16.27. The stock had a trading volume of 34,210 shares, compared to its average volume of 92,481. Superior Group of Companies, Inc. has a one year low of $11.03 and a one year high of $21.80. The firm has a market cap of $265.87 million, a PE ratio of 19.60, a P/E/G ratio of 2.09 and a beta of 1.42. The firm's 50 day simple moving average is $15.39 and its 200 day simple moving average is $17.06. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.
Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $149.69 million during the quarter, compared to analysts' expectations of $143.03 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. During the same period last year, the business earned $0.19 earnings per share. On average, analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.
Superior Group of Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.44%. Superior Group of Companies's payout ratio is currently 67.47%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on SGC shares. DA Davidson reaffirmed a "buy" rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th. StockNews.com downgraded shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 8th. Finally, Barrington Research increased their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, November 11th.
Read Our Latest Stock Analysis on SGC
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new position in Superior Group of Companies in the 1st quarter valued at $28,000. US Bancorp DE raised its holdings in shares of Superior Group of Companies by 148.4% in the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker's stock valued at $45,000 after buying an additional 1,729 shares during the last quarter. Lazard Asset Management LLC lifted its position in Superior Group of Companies by 10,390.3% during the 1st quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker's stock worth $124,000 after buying an additional 7,481 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker's stock worth $118,000 after acquiring an additional 4,303 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Superior Group of Companies in the 3rd quarter valued at about $154,000. Institutional investors own 33.75% of the company's stock.
About Superior Group of Companies
(
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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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