Geode Capital Management LLC Purchases 9,053 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Geode Capital Management LLC grew its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 284,320 shares of the textile maker’s stock after purchasing an additional 9,053 shares during the period. Geode Capital Management LLC owned approximately 1.74% of Superior Group of Companies worth $4,405,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Superior Group of Companies by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker’s stock worth $16,620,000 after acquiring an additional 13,690 shares during the last quarter. North Star Investment Management Corp. boosted 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 valued at $6,038,000 after acquiring an additional 54,000 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Superior Group of Companies by 81.0% in the second 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 period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Superior Group of Companies by 87.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after purchasing an additional 89,096 shares during the last quarter. Finally, State Street Corp lifted its position in Superior Group of Companies by 10.3% during the third quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock valued at $2,860,000 after purchasing an additional 17,188 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Price Performance

NASDAQ:SGC opened at $16.09 on Monday. The company has a market capitalization of $262.93 million, a P/E ratio of 19.39, a P/E/G ratio of 2.15 and a beta of 1.46. 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 52 week low of $11.66 and a 52 week high of $21.80. The stock’s fifty day moving average is $16.40 and its two-hundred day moving average is $16.32.

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

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.48%. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have 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 report on Monday, November 11th. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Finally, DA Davidson reissued a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research note on Tuesday, October 8th.

Insider Activity at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the transaction, the director now owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.10% of the stock is owned by corporate insiders.

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.