Superior Group of Companies Inc (NASDAQ:SGC) Director Sells $14,041.00 in Stock

Superior Group of Companies Inc (NASDAQ:SGC) Director Robin Hensley sold 950 shares of Superior Group of Companies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $14.78, for a total transaction of $14,041.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ SGC traded down $0.27 during trading on Friday, reaching $14.74. 540 shares of the stock were exchanged, compared to its average volume of 11,146. The business’s 50-day moving average price is $15.46 and its 200 day moving average price is $15.99. Superior Group of Companies Inc has a twelve month low of $12.79 and a twelve month high of $19.39. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $227.93 million, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.48 and a beta of 0.01.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, October 23rd. The textile maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Superior Group of Companies had a net margin of 3.76% and a return on equity of 8.91%. The business had revenue of $89.47 million for the quarter, compared to analysts’ expectations of $96.66 million. As a group, sell-side analysts expect that Superior Group of Companies Inc will post 0.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.71%. Superior Group of Companies’s payout ratio is currently 33.90%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Yorktown Management & Research Co Inc acquired a new stake in Superior Group of Companies in the third quarter valued at $211,000. Connors Investor Services Inc. increased its stake in Superior Group of Companies by 9.8% during the third quarter. Connors Investor Services Inc. now owns 13,447 shares of the textile maker’s stock valued at $217,000 after purchasing an additional 1,200 shares during the last quarter. Wedbush Securities Inc. bought a new stake in Superior Group of Companies during the third quarter valued at $238,000. Rhumbline Advisers increased its stake in Superior Group of Companies by 6.8% during the third quarter. Rhumbline Advisers now owns 15,157 shares of the textile maker’s stock valued at $244,000 after purchasing an additional 968 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Superior Group of Companies by 5.9% during the second quarter. HighTower Advisors LLC now owns 14,451 shares of the textile maker’s stock valued at $248,000 after purchasing an additional 800 shares during the last quarter. 36.88% of the stock is currently owned by hedge funds and other institutional investors.

SGC has been the topic of a number of recent research reports. BidaskClub cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Barrington Research reissued a “buy” rating and set a $22.00 target price on shares of Superior Group of Companies in a research report on Thursday, August 1st. ValuEngine raised shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Canaccord Genuity reissued a “hold” rating and set a $150.00 target price on shares of Superior Group of Companies in a research report on Friday, October 25th. Finally, Zacks Investment Research raised shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.00.

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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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