Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Bought by Barclays PLC

Barclays PLC grew its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 55.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,181 shares of the textile maker’s stock after purchasing an additional 7,925 shares during the quarter. Barclays PLC owned 0.14% of Superior Group of Companies worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Superior Group of Companies by 81.0% in the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after acquiring an additional 103,051 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Superior Group of Companies by 87.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after acquiring an additional 89,096 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Superior Group of Companies by 16.1% in the 3rd quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after acquiring an additional 54,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Superior Group of Companies by 186.8% in the 2nd quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock worth $1,475,000 after acquiring an additional 50,800 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Superior Group of Companies by 253.1% in the 2nd quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker’s stock worth $1,303,000 after acquiring an additional 49,506 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. DA Davidson restated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th. Finally, Barrington Research lifted their target price on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Insider Activity at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the completion of the sale, the director now owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. This trade represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.10% of the company’s stock.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $16.09 on Friday. The stock has a market cap of $262.93 million, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46. The business has a fifty day simple moving average of $16.40 and a 200-day simple moving average of $16.34. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. Superior Group of Companies, Inc. has a 12 month low of $11.66 and a 12 month high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last issued 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. The business had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. During the same quarter last year, the firm posted $0.19 earnings per share. On average, sell-side analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.48%. Superior Group of Companies’s payout ratio is 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.