Jacobs Levy Equity Management Inc. Sells 41,950 Shares of Superior Group of Companies, Inc. $SGC

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 26.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,459 shares of the textile maker’s stock after selling 41,950 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.72% of Superior Group of Companies worth $1,307,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Superior Group of Companies by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker’s stock valued at $290,000 after buying an additional 881 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Superior Group of Companies by 0.3% in the 1st quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker’s stock valued at $4,275,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE increased its stake in Superior Group of Companies by 17.9% in the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker’s stock worth $213,000 after acquiring an additional 1,960 shares during the last quarter. Two Sigma Advisers LP increased its stake in Superior Group of Companies by 16.7% in the 4th quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker’s stock worth $312,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Superior Group of Companies during the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Superior Group of Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Barrington Research lifted their target price on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, Noble Financial began coverage on Superior Group of Companies in a research report on Thursday, May 29th. They set an “outperform” rating and a $16.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $17.33.

Superior Group of Companies Stock Up 4.4%

SGC stock opened at $12.25 on Friday. Superior Group of Companies, Inc. has a 1-year low of $9.11 and a 1-year high of $18.48. The business has a fifty day moving average price of $11.59 and a 200-day moving average price of $11.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.71 and a quick ratio of 1.70. The stock has a market capitalization of $195.63 million, a P/E ratio of 24.02, a P/E/G ratio of 2.48 and a beta of 1.41.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%.The firm had revenue of $144.05 million during the quarter, compared to analysts’ expectations of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. Equities analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, August 18th. Superior Group of Companies’s dividend payout ratio is 109.80%.

Insider Buying and Selling

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $11.46, for a total transaction of $137,520.00. Following the completion of the sale, the director owned 202,126 shares in the company, valued at approximately $2,316,363.96. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.70% of the company’s stock.

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.