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

Superior Group of Companies, Inc. (NASDAQ:SGCGet Free Report) Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the transaction, the director now directly owns 205,281 shares in the company, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Superior Group of Companies Trading Down 1.5 %

SGC stock opened at $16.03 on Wednesday. The firm has a fifty day moving average price of $15.43 and a 200 day moving average price of $17.06. Superior Group of Companies, Inc. has a fifty-two week low of $11.03 and a fifty-two week high of $21.80. The firm has a market cap of $261.93 million, a PE ratio of 19.31, a price-to-earnings-growth 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:SGCGet Free Report) 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 business had revenue of $149.69 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.19 EPS. Sell-side analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

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

Analyst Ratings Changes

SGC has been the topic of several research analyst reports. StockNews.com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, Barrington Research raised their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Get Our Latest Research Report on SGC

Hedge Funds Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently modified their holdings of SGC. EntryPoint Capital LLC bought a new stake in Superior Group of Companies in the first quarter worth $28,000. US Bancorp DE lifted its holdings in shares of Superior Group of Companies by 148.4% in the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after acquiring an additional 1,729 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Superior Group of Companies by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after purchasing an additional 1,900 shares during the period. Vanguard Group Inc. grew its holdings in Superior Group of Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after purchasing an additional 2,799 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Superior Group of Companies by 13.6% in the 1st quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock worth $566,000 after purchasing an additional 4,090 shares during the period. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Company Profile

(Get Free Report)

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.

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