Insider Selling: Superior Group of Companies, Inc. (NASDAQ:SGC) Director Sells 12,500 Shares of Stock

Superior Group of Companies, Inc. (NASDAQ:SGC) Director Andrew D. Demott, Jr. sold 12,500 shares of the company’s 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 owns 205,281 shares in the company, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Superior Group of Companies Trading Down 1.5 %

NASDAQ:SGC opened at $16.03 on Wednesday. The firm has a 50-day simple moving average of $15.43 and a 200-day simple moving average of $17.06. Superior Group of Companies, Inc. has a one year low of $11.03 and a one year high of $21.80. The firm has a market cap of $261.93 million, a P/E ratio of 19.31, a P/E/G ratio of 2.09 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The company had revenue of $149.69 million during the quarter, compared to the consensus estimate of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s payout ratio is currently 67.47%.

Analysts Set New Price Targets

A number of brokerages have commented on SGC. Barrington Research upped their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com lowered 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 target on shares of Superior Group of Companies in a research report on Tuesday, October 8th.

Hedge Funds Weigh In On Superior Group of Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Superior Group of Companies by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker’s stock valued at $16,620,000 after buying an additional 13,690 shares in the last quarter. Vanguard Group Inc. boosted its stake in Superior Group of Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after acquiring an additional 2,799 shares in the last quarter. North Star Investment Management Corp. grew its holdings in Superior Group of Companies by 16.1% in the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after purchasing an additional 54,000 shares during the last quarter. Geode Capital Management LLC increased its position 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 in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Superior Group of Companies by 81.0% during the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock valued at $4,354,000 after purchasing an additional 103,051 shares during the last quarter. Hedge funds and other 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.