Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.72 and traded as high as $17.39. Superior Group of Companies shares last traded at $17.11, with a volume of 48,990 shares traded.
Analysts Set New Price Targets
A number of research firms recently weighed in on SGC. StockNews.com upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 3rd. DA Davidson reissued a "buy" rating and issued a $24.00 price objective on shares of Superior Group of Companies in a research report on Tuesday, October 8th. Finally, Barrington Research raised their price objective 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.
View Our Latest Stock Report on Superior Group of Companies
Superior Group of Companies Stock Performance
The firm has a 50 day moving average of $16.13 and a two-hundred day moving average of $16.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The stock has a market cap of $265.54 million, a PE ratio of 19.58, a PEG ratio of 2.15 and a beta of 1.46.
Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The company had revenue of $149.69 million for the quarter, compared to analysts' expectations of $143.03 million. During the same quarter last year, the company earned $0.19 earnings per share. Research analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.
Superior Group of Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.14 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.45%. Superior Group of Companies's dividend payout ratio is presently 67.47%.
Insiders Place Their Bets
In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $16.32, for a total value of $204,000.00. Following the transaction, the director now directly owns 205,281 shares of the company's stock, valued at $3,350,185.92. The trade was a 5.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 27.10% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SGC. Barclays PLC grew its stake in shares of Superior Group of Companies by 55.6% in the 3rd quarter. Barclays PLC now owns 22,181 shares of the textile maker's stock valued at $343,000 after purchasing an additional 7,925 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Superior Group of Companies by 3.3% during the third quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker's stock worth $4,405,000 after purchasing an additional 9,053 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Superior Group of Companies in the 3rd quarter valued at $154,000. Jane Street Group LLC increased its stake in Superior Group of Companies by 44.2% in the 3rd quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker's stock valued at $247,000 after buying an additional 4,895 shares during the period. Finally, State Street Corp increased its stake in Superior Group of Companies by 10.3% in the 3rd quarter. State Street Corp now owns 184,655 shares of the textile maker's stock valued at $2,860,000 after buying an additional 17,188 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.
About Superior Group of Companies
(
Get Free Report)
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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