Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,213 shares of the textile maker’s stock after acquiring an additional 1,900 shares during the period. Janney Montgomery Scott LLC owned 0.35% of Superior Group of Companies worth $902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new position in shares of Superior Group of Companies in the 1st quarter valued at $28,000. US Bancorp DE grew its position in Superior Group of Companies by 148.4% during the 3rd 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 during the last quarter. Lazard Asset Management LLC increased its stake in Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 7,481 shares during the period. Algert Global LLC purchased a new stake in shares of Superior Group of Companies in the second quarter valued at about $192,000. Finally, Cannon Financial Strategists Inc. acquired a new stake in shares of Superior Group of Companies during the second quarter worth about $261,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

Superior Group of Companies Trading Down 1.9 %

NASDAQ SGC opened at $16.23 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $265.20 million, a P/E ratio of 19.55, a P/E/G ratio of 2.10 and a beta of 1.42. Superior Group of Companies, Inc. has a 52-week low of $9.97 and a 52-week high of $21.80. The firm has a 50-day moving average price of $15.34 and a 200 day moving average price of $17.06.

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

Superior Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio (DPR) is currently 67.47%.

Superior Group of Companies 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.