Superior Group of Companies, Inc. (NASDAQ:SGC) Stock Holdings Increased by Barclays PLC

Barclays PLC lifted its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 55.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,181 shares of the textile maker’s stock after purchasing an additional 7,925 shares during the quarter. Barclays PLC owned about 0.14% of Superior Group of Companies worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SGC. Rhumbline Advisers lifted its holdings in shares of Superior Group of Companies by 2,824.1% in the second quarter. Rhumbline Advisers now owns 17,252 shares of the textile maker’s stock valued at $326,000 after buying an additional 16,662 shares during the period. American Century Companies Inc. grew its stake 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 purchasing an additional 103,051 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Superior Group of Companies by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker’s stock worth $16,620,000 after buying an additional 13,690 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Superior Group of Companies by 186.8% during the second quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock worth $1,475,000 after buying an additional 50,800 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Superior Group of Companies in the 2nd quarter valued at $387,000. Institutional investors own 33.75% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Superior Group of Companies

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were 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 directly owns 205,281 shares in the company, valued at $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.50% of the stock is owned by company insiders.

Superior Group of Companies Stock Performance

Shares of NASDAQ SGC opened at $15.78 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. Superior Group of Companies, Inc. has a one year low of $11.66 and a one year high of $21.80. The business’s 50-day moving average price is $16.38 and its two-hundred day moving average price is $16.08. The company has a market capitalization of $257.85 million, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly 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 company had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter in the prior year, the business posted $0.19 EPS. Analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is 67.47%.

Superior Group of Companies Company 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.