Superior Group of Companies, Inc. (NASDAQ:SGC) Announces $0.14 Quarterly Dividend

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Monday, May 20th will be paid a dividend of 0.14 per share by the textile maker on Monday, June 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, May 17th.

Superior Group of Companies has increased its dividend by an average of 23.1% annually over the last three years.

Superior Group of Companies Stock Down 2.0 %

Shares of SGC stock traded down $0.40 on Thursday, hitting $19.54. The stock had a trading volume of 114,693 shares, compared to its average volume of 62,900. The company has a quick ratio of 1.80, a current ratio of 2.78 and a debt-to-equity ratio of 0.45. Superior Group of Companies has a one year low of $7.36 and a one year high of $20.29. The business has a 50 day moving average price of $16.16 and a 200 day moving average price of $13.79. The company has a market cap of $326.51 million, a PE ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The firm had revenue of $147.24 million during the quarter, compared to analysts’ expectations of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. Research analysts anticipate that Superior Group of Companies will post 0.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the sale, the insider now owns 82,436 shares of the company’s stock, valued at approximately $1,289,299.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of Superior Group of Companies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.64, for a total transaction of $140,760.00. Following the completion of the sale, the insider now owns 82,436 shares of the company’s stock, valued at approximately $1,289,299.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now directly owns 92,955 shares in the company, valued at $1,455,675.30. The disclosure for this sale can be found here. Corporate insiders own 26.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barrington Research lifted their price target on Superior Group of Companies from $13.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Singular Research reiterated a “buy” rating on shares of Superior Group of Companies in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 20th.

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.