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

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.14 per share by the textile maker on Wednesday, November 27th. This represents a $0.56 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, November 13th.

Superior Group of Companies has raised its dividend payment by an average of 23.1% per year over the last three years. Superior Group of Companies has a dividend payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Group of Companies to earn $0.93 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 60.2%.

Superior Group of Companies Price Performance

Superior Group of Companies stock traded up $1.52 during trading hours on Thursday, reaching $17.87. 68,037 shares of the stock were exchanged, compared to its average volume of 93,346. The company has a market cap of $299.68 million, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.42. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. Superior Group of Companies has a twelve month low of $9.05 and a twelve month high of $21.80. The stock has a 50 day moving average of $14.99 and a two-hundred day moving average of $17.05.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $131.74 million for the quarter, compared to analyst estimates of $136.60 million. Superior Group of Companies had a return on equity of 5.63% and a net margin of 2.02%. During the same quarter in the previous year, the company earned $0.08 earnings per share. Equities analysts expect that Superior Group of Companies will post 0.74 EPS for the current fiscal year.

Insider Activity at Superior Group of Companies

In other news, CEO Michael Benstock purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the transaction, the chief executive officer now owns 583,848 shares of the company’s stock, valued at approximately $7,852,755.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Michael Benstock acquired 10,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $13.45 per share, with a total value of $134,500.00. Following the acquisition, the chief executive officer now directly owns 583,848 shares of the company’s stock, valued at $7,852,755.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Loreen M. Spencer acquired 3,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the director now directly owns 7,266 shares in the company, valued at approximately $95,911.20. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 15,500 shares of company stock worth $206,700 in the last quarter. 26.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barrington Research reduced their price objective on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 21st. StockNews.com cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Finally, DA Davidson reissued a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th.

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.