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

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.14 per share by the textile maker on Monday, June 3rd. This represents a $0.56 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 17th.

Superior Group of Companies has increased its dividend payment by an average of 23.1% per year over the last three years.

Superior Group of Companies Trading Down 2.0 %

Shares of SGC stock traded down $0.40 during mid-day trading on Thursday, hitting $19.54. 114,693 shares of the company’s stock were exchanged, compared to its average volume of 62,900. The stock has a market cap of $326.51 million, a price-to-earnings ratio of 35.49, a PEG ratio of 2.62 and a beta of 1.40. The company has a quick ratio of 1.80, a current ratio of 2.78 and a debt-to-equity ratio of 0.45. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $20.29. The stock has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $13.79.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Superior Group of Companies had a return on equity of 4.51% and a net margin of 1.61%. The firm had revenue of $147.24 million for the quarter, compared to analyst estimates of $142.59 million. Equities analysts expect that Superior Group of Companies will post 0.64 EPS for the current fiscal year.

Insider Activity

In other Superior Group of Companies news, insider Philip Koosed sold 9,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $15.64, for a total value of $140,760.00. Following the sale, the insider now directly owns 82,436 shares in the company, valued at approximately $1,289,299.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Paul V. Mellini sold 6,000 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now owns 92,955 shares in the company, valued at approximately $1,455,675.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Philip Koosed sold 9,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.64, for a total transaction of $140,760.00. Following the transaction, the insider now directly owns 82,436 shares of the company’s stock, valued at $1,289,299.04. The disclosure for this sale can be found here. 26.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on SGC. Singular Research reaffirmed a “buy” rating on shares of Superior Group of Companies in a research report on Tuesday, March 19th. StockNews.com raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Finally, Barrington Research raised their price target on Superior Group of Companies from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, March 15th.

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.