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 stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the sale, the director now directly owns 205,281 shares in the company, valued at $3,350,185.92. This represents a 5.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Superior Group of Companies Stock Performance

Shares of SGC stock traded up $0.04 during trading hours on Monday, hitting $16.27. The stock had a trading volume of 13,163 shares, compared to its average volume of 92,386. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The firm has a market capitalization of $265.87 million, a PE ratio of 19.55, a PEG ratio of 2.09 and a beta of 1.42. The stock’s 50 day moving average is $15.34 and its 200 day moving average is $17.06. Superior Group of Companies, Inc. has a twelve month low of $11.03 and a twelve month high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly 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. The firm had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter in the prior year, the business earned $0.19 EPS. As a group, research 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 67.47%.

Analyst Ratings Changes

SGC has been the subject of several analyst reports. StockNews.com cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. Barrington Research upped their price target on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Institutional Trading of Superior Group of Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SGC. EntryPoint Capital LLC acquired a new stake in shares of Superior Group of Companies in the 1st quarter worth $28,000. US Bancorp DE raised its holdings in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after purchasing an additional 1,729 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Superior Group of Companies by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock valued at $902,000 after purchasing an additional 1,900 shares during the period. Vanguard Group Inc. boosted its holdings in Superior Group of Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after purchasing an additional 2,799 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Superior Group of Companies by 13.6% during the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock worth $566,000 after acquiring an additional 4,090 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.