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

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, May 17th.

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

Superior Group of Companies Trading Down 2.0 %

Shares of Superior Group of Companies stock traded down $0.40 during trading hours on Thursday, reaching $19.54. The stock had a trading volume of 121,582 shares, compared to its average volume of 62,973. The firm has a market capitalization of $326.51 million, a price-to-earnings ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.40. Superior Group of Companies has a 1 year low of $7.36 and a 1 year high of $20.29. The company has a current ratio of 2.78, a quick ratio of 1.80 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $16.16 and a two-hundred day simple moving average of $13.79.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, March 13th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. The company had revenue of $147.24 million during the quarter, compared to analyst estimates of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. As a group, equities research analysts anticipate that Superior Group of Companies will post 0.64 earnings per share for the current year.

Insider Transactions at Superior Group of Companies

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

Analyst Ratings Changes

A number of research firms have recently issued reports on SGC. Barrington Research lifted their price objective on shares of Superior Group of Companies from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. 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. Finally, Singular Research restated a “buy” rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th.

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.