Jacobs Levy Equity Management Inc. Has $2.96 Million Stock Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

Jacobs Levy Equity Management Inc. boosted its holdings in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 87.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 190,878 shares of the textile maker's stock after acquiring an additional 89,096 shares during the period. Jacobs Levy Equity Management Inc. owned 1.17% of Superior Group of Companies worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SGC. US Bancorp DE boosted its stake in shares of Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker's stock valued at $45,000 after acquiring an additional 1,729 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Superior Group of Companies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker's stock valued at $118,000 after purchasing an additional 4,303 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Superior Group of Companies during the 3rd quarter worth about $167,000. Algert Global LLC purchased a new stake in shares of Superior Group of Companies during the second quarter worth about $192,000. Finally, Cannon Financial Strategists Inc. acquired a new position in shares of Superior Group of Companies in the second quarter valued at approximately $261,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SGC has been the topic of a number of analyst reports. StockNews.com upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 3rd. Barrington Research upped their target price on Superior Group of Companies from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Finally, DA Davidson reissued a "buy" rating and issued a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th.

Insider Transactions at Superior Group of Companies

In other news, 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 value of $204,000.00. Following the sale, the director now owns 205,281 shares of the company's stock, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.10% of the company's stock.

Superior Group of Companies Stock Performance

Shares of SGC remained flat at $16.55 during mid-day trading on Friday. 33,451 shares of the company's stock were exchanged, compared to its average volume of 50,312. The company's fifty day simple moving average is $15.89 and its two-hundred day simple moving average is $16.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The firm has a market capitalization of $270.44 million, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.46. Superior Group of Companies, Inc. has a 52 week low of $11.66 and a 52 week high of $21.80.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.13. The company had revenue of $149.69 million for the quarter, compared to analyst estimates 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 company earned $0.19 earnings per share. As a group, equities analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Wednesday, November 13th. Superior Group of Companies's dividend payout ratio is currently 67.47%.

Superior Group of Companies 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.