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

Superior Group of Companies, Inc. (NASDAQ:SGC) Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the sale, the director now directly owns 205,281 shares in the company, valued at $3,350,185.92. This trade represents a 5.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Superior Group of Companies Trading Up 0.2 %

Superior Group of Companies stock opened at $16.27 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The stock has a 50-day simple moving average of $15.39 and a 200 day simple moving average of $17.06. The stock has a market capitalization of $265.87 million, a P/E ratio of 19.60, a PEG ratio of 2.09 and a beta of 1.42. Superior Group of Companies, Inc. has a 52 week low of $11.03 and a 52 week high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same period in the previous year, the firm earned $0.19 EPS. Analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is presently 67.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake 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 valued at $566,000 after purchasing an additional 4,090 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Superior Group of Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after buying an additional 2,799 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Superior Group of Companies by 68.5% in the first quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock valued at $321,000 after acquiring an additional 7,953 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Superior Group of Companies by 220.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock valued at $1,223,000 after acquiring an additional 50,964 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Superior Group of Companies in the first quarter valued at about $28,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Barrington Research raised their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a research report on Tuesday, October 8th.

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.