American Century Companies Inc. Boosts Stock Holdings in Superior Group of Companies, Inc. (NASDAQ:SGC)

American Century Companies Inc. lifted its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,416 shares of the textile maker’s stock after buying an additional 38,207 shares during the period. American Century Companies Inc. owned approximately 2.22% of Superior Group of Companies worth $6,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. boosted its position in Superior Group of Companies by 87.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock valued at $2,957,000 after buying an additional 89,096 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Superior Group of Companies by 45.9% during the fourth quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker’s stock valued at $2,951,000 after acquiring an additional 56,199 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Superior Group of Companies by 51.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock worth $2,612,000 after purchasing an additional 53,492 shares during the period. State Street Corp grew its stake in shares of Superior Group of Companies by 10.3% in the third quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock worth $2,860,000 after purchasing an additional 17,188 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Superior Group of Companies during the 4th quarter valued at about $249,000. Institutional investors own 33.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SGC shares. Barrington Research cut their price objective on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. DA Davidson cut their price target on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, StockNews.com lowered shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday, March 20th.

Superior Group of Companies Stock Up 1.3 %

SGC stock opened at $10.19 on Friday. Superior Group of Companies, Inc. has a fifty-two week low of $9.35 and a fifty-two week high of $21.80. The company has a market capitalization of $167.91 million, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. The business’s 50 day moving average price is $13.30 and its two-hundred day moving average price is $15.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The firm had revenue of $145.41 million during the quarter, compared to the consensus estimate of $146.54 million. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $0.14 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.50%. Superior Group of Companies’s dividend payout ratio is currently 75.68%.

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.