Superior Group of Companies, Inc. (NASDAQ:SGC) Director Andrew D. Demott, Jr. Sells 12,500 Shares

Superior Group of Companies, Inc. (NASDAQ:SGC) Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the completion of the transaction, the director now directly owns 205,281 shares of the company’s stock, valued at $3,350,185.92. This trade represents a 5.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Superior Group of Companies Stock Performance

Shares of NASDAQ:SGC opened at $16.32 on Thursday. The firm’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $17.05. Superior Group of Companies, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $21.80. The company has a market capitalization of $266.67 million, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results 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 period last year, the firm posted $0.19 earnings per share. As a group, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.43%. Superior Group of Companies’s dividend payout ratio (DPR) is currently 67.47%.

Wall Street Analysts Forecast Growth

SGC has been the subject of a number of recent research reports. Barrington Research increased their target price on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com cut Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Hedge Funds Weigh In On Superior Group of Companies

Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in Superior Group of Companies by 81.0% in the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after purchasing an additional 103,051 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock valued at $2,957,000 after purchasing an additional 89,096 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Superior Group of Companies by 83.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock worth $3,632,000 after buying an additional 87,481 shares during the period. North Star Investment Management Corp. grew its holdings in shares of Superior Group of Companies by 16.1% during the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after buying an additional 54,000 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Superior Group of Companies by 220.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock valued at $1,223,000 after buying an additional 50,964 shares during the last quarter. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Company 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.