Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC decreased its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,523 shares of the textile maker’s stock after selling 1,018 shares during the period. Prosperity Consulting Group LLC’s holdings in Superior Group of Companies were worth $246,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in Superior Group of Companies during the first quarter worth $32,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Superior Group of Companies in the first quarter valued at $117,000. BNP Paribas Financial Markets grew its position in shares of Superior Group of Companies by 344.4% in the fourth quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker’s stock valued at $204,000 after purchasing an additional 9,563 shares during the period. Bank of America Corp DE grew its position in shares of Superior Group of Companies by 17.9% in the fourth quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker’s stock valued at $213,000 after purchasing an additional 1,960 shares during the period. Finally, Focus Partners Wealth purchased a new stake in shares of Superior Group of Companies in the fourth quarter valued at $235,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SGC. Noble Financial began coverage on Superior Group of Companies in a research report on Thursday, May 29th. They issued an “outperform” rating and a $16.00 price objective for the company. Barrington Research lowered their price objective on Superior Group of Companies from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 19th.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock opened at $9.88 on Thursday. Superior Group of Companies, Inc. has a twelve month low of $9.11 and a twelve month high of $20.16. The stock has a market capitalization of $157.88 million, a P/E ratio of 21.96, a PEG ratio of 2.59 and a beta of 1.58. The company has a current ratio of 2.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $10.41 and its 200 day moving average price is $11.72.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Thursday, May 8th. The textile maker reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). Superior Group of Companies had a net margin of 1.30% and a return on equity of 3.70%. The firm had revenue of $137.10 million during the quarter, compared to analyst estimates of $139.85 million. As a group, research analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Monday, May 19th. Superior Group of Companies’s payout ratio is currently 124.44%.

Superior Group of Companies 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.