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

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Wednesday, November 13th will be given 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 increased its dividend payment by an average of 23.1% per year over the last three years. Superior Group of Companies has a payout ratio of 58.9% indicating that 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 Stock Performance

NASDAQ:SGC traded up $1.52 during midday trading on Thursday, reaching $17.87. The stock had a trading volume of 68,037 shares, compared to its average volume of 93,346. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82. The stock has a market capitalization of $299.68 million, a P/E ratio of 25.10, a PEG ratio of 2.06 and a beta of 1.42. The firm’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $17.05. Superior Group of Companies has a 1-year low of $9.05 and a 1-year high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $131.74 million during 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 prior year, the business earned $0.08 earnings per share. On average, equities research analysts forecast that Superior Group of Companies will post 0.74 EPS for the current fiscal year.

Insider Transactions at Superior Group of Companies

In other news, insider Jake Himelstein purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now directly owns 40,825 shares of the company’s stock, valued at approximately $530,725. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Michael Benstock purchased 10,000 shares of Superior Group of Companies stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 583,848 shares of the company’s stock, valued at $7,852,755.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jake Himelstein acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the insider now owns 40,825 shares of the company’s stock, valued at approximately $530,725. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 15,500 shares of company stock valued at $206,700. Company insiders own 26.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented 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 for the company in a report on Wednesday, August 21st. 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. Finally, DA Davidson reaffirmed a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th.

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.