Superior Group of Companies (NASDAQ:SGC) Rating Reiterated by DA Davidson

DA Davidson reissued their buy rating on shares of Superior Group of Companies (NASDAQ:SGC - Free Report) in a report released on Tuesday morning, Benzinga reports. They currently have a $24.00 price objective on the textile maker's stock.

Other equities research analysts also recently issued research reports about the company. Barrington Research lowered their price target on Superior Group of Companies from $22.00 to $20.00 and set an outperform rating for the company in a research report on Wednesday, August 21st. StockNews.com downgraded Superior Group of Companies from a strong-buy rating to a buy rating in a research report on Thursday, August 8th.

Superior Group of Companies Trading Down 0.1 %

Shares of NASDAQ:SGC traded down $0.02 during midday trading on Tuesday, reaching $15.12. The company's stock had a trading volume of 32,012 shares, compared to its average volume of 98,990. The firm has a market cap of $253.18 million, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.06 and a beta of 1.41. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. Superior Group of Companies has a 1 year low of $7.40 and a 1 year high of $21.80. The business has a 50 day moving average price of $14.70 and a 200 day moving average price of $17.25.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The business had revenue of $131.74 million during the quarter, compared to analysts' expectations of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. During the same period in the prior year, the firm earned $0.08 EPS. Research analysts forecast that Superior Group of Companies will post 0.74 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Saturday, August 17th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Friday, August 16th. Superior Group of Companies's dividend payout ratio (DPR) is presently 76.71%.

Insider Transactions at Superior Group of Companies

In related news, insider Jake Himelstein bought 2,000 shares of the firm's stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $13.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the insider now directly owns 40,825 shares of the company's stock, valued at approximately $530,725. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Superior Group of Companies news, insider Jake Himelstein purchased 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the insider now owns 40,825 shares in the company, valued at $530,725. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Loreen M. Spencer purchased 3,500 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the purchase, the director now owns 7,266 shares of the company's stock, valued at approximately $95,911.20. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 15,500 shares of company stock valued at $206,700 over the last quarter. Company insiders own 27.10% of the company's stock.

Institutional Trading of Superior Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cannon Financial Strategists Inc. acquired a new stake in shares of Superior Group of Companies during the 2nd quarter worth approximately $261,000. Algert Global LLC acquired a new stake in shares of Superior Group of Companies during the 2nd quarter worth approximately $192,000. Sei Investments Co. acquired a new stake in shares of Superior Group of Companies during the 2nd quarter worth approximately $266,000. XTX Topco Ltd acquired a new stake in shares of Superior Group of Companies during the 2nd quarter worth approximately $387,000. Finally, Renaissance Technologies LLC raised its position in shares of Superior Group of Companies by 186.8% during the 2nd quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker's stock worth $1,475,000 after purchasing an additional 50,800 shares during the period. Institutional investors and hedge funds own 33.75% of the company's stock.

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.