Citigroup Inc. grew its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 405.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,615 shares of the textile maker’s stock after purchasing an additional 2,098 shares during the quarter. Citigroup Inc.’s holdings in Superior Group of Companies were worth $61,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Superior Group of Companies by 13.8% in the 4th quarter. Rhumbline Advisers now owns 16,503 shares of the textile maker’s stock valued at $384,000 after acquiring an additional 2,003 shares during the period. Euclidean Technologies Management LLC lifted its stake in Superior Group of Companies by 66.6% in the 4th quarter. Euclidean Technologies Management LLC now owns 56,800 shares of the textile maker’s stock valued at $1,320,000 after purchasing an additional 22,700 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Superior Group of Companies by 35.4% during the fourth quarter. Bank of New York Mellon Corp now owns 133,871 shares of the textile maker’s stock worth $3,112,000 after purchasing an additional 34,992 shares during the period. BlackRock Inc. increased its position in Superior Group of Companies by 5.3% during the fourth quarter. BlackRock Inc. now owns 683,070 shares of the textile maker’s stock worth $15,874,000 after buying an additional 34,380 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Superior Group of Companies during the fourth quarter worth approximately $247,000. Institutional investors own 38.72% of the company’s stock.
A number of research analysts recently weighed in on the company. Barrington Research boosted their target price on Superior Group of Companies from $25.00 to $29.00 in a report on Friday, March 5th. Zacks Investment Research raised shares of Superior Group of Companies from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, March 11th.
Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Sunday, February 28th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.43. The firm had revenue of $145.36 million for the quarter, compared to analysts’ expectations of $132.11 million. Superior Group of Companies had a return on equity of 18.68% and a net margin of 6.43%. As a group, research analysts expect that Superior Group of Companies, Inc. will post 2.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Monday, February 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, February 11th. Superior Group of Companies’s dividend payout ratio (DPR) is 50.63%.
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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.
Further Reading: Percentage Decliners
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