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

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Wednesday, November 6th,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 3.22%. The ex-dividend date of this dividend is Wednesday, November 13th.

Superior Group of Companies has raised its dividend by an average of 23.1% annually over the last three years. Superior Group of Companies has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.3 %

SGC opened at $17.38 on Tuesday. The firm has a market capitalization of $291.46 million, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 2.31 and a beta of 1.42. Superior Group of Companies has a one year low of $9.86 and a one year high of $21.80. The company has a fifty day moving average price of $15.18 and a 200-day moving average price of $17.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.74% and a net margin of 2.37%. The business had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. During the same period in the previous year, the business earned $0.19 earnings per share. Equities research analysts expect that Superior Group of Companies will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SGC has been the topic of a number of recent analyst reports. 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. StockNews.com cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a research report on Tuesday, October 8th.

Insider Buying and Selling at Superior Group of Companies

In other Superior Group of Companies news, Director Loreen M. Spencer acquired 3,500 shares of the stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $13.20 per share, for a total transaction of $46,200.00. Following the acquisition, the director now owns 7,266 shares in the company, valued at $95,911.20. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Loreen M. Spencer acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the director now owns 7,266 shares in the company, valued at approximately $95,911.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Benstock bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $13.45 per share, with a total value of $134,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 583,848 shares in the company, valued at $7,852,755.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 15,500 shares of company stock worth $206,700 over the last ninety days. Insiders own 27.10% of the company’s stock.

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.