Superior Group of Companies Inc (NASDAQ:SGC) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totalling 53,400 shares, a growth of 145.0% from the February 27th total of 21,800 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,900 shares, the short-interest ratio is presently 1.7 days.
SGC stock traded up $0.38 during mid-day trading on Thursday, hitting $9.36. The company had a trading volume of 108,027 shares, compared to its average volume of 31,312. The company has a market capitalization of $140.29 million, a price-to-earnings ratio of 11.70, a P/E/G ratio of 0.71 and a beta of 0.14. Superior Group of Companies has a 12-month low of $6.10 and a 12-month high of $18.78. The company has a quick ratio of 1.99, a current ratio of 3.05 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $10.70 and a 200 day moving average price of $13.47.
Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Thursday, February 20th. The textile maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $108.41 million for the quarter, compared to analysts’ expectations of $89.79 million. Superior Group of Companies had a net margin of 3.20% and a return on equity of 7.79%. As a group, analysts expect that Superior Group of Companies will post 0.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Tuesday, February 11th. Superior Group of Companies’s dividend payout ratio is 50.63%.
Several analysts have commented on the stock. ValuEngine upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Barrington Research reiterated a “buy” rating and issued a $20.00 price target on shares of Superior Group of Companies in a research note on Wednesday, February 19th. Finally, Zacks Investment Research cut shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Tuesday.
Several hedge funds and other institutional investors have recently made changes to their positions in SGC. Barclays PLC raised its position in shares of Superior Group of Companies by 103.0% during the 4th quarter. Barclays PLC now owns 10,717 shares of the textile maker’s stock valued at $145,000 after buying an additional 5,437 shares in the last quarter. UBS Group AG raised its position in Superior Group of Companies by 54.3% in the 4th quarter. UBS Group AG now owns 13,184 shares of the textile maker’s stock worth $179,000 after purchasing an additional 4,639 shares during the period. Wedbush Securities Inc. raised its position in Superior Group of Companies by 86.6% in the 4th quarter. Wedbush Securities Inc. now owns 27,602 shares of the textile maker’s stock worth $374,000 after purchasing an additional 12,807 shares during the period. State Street Corp raised its position in Superior Group of Companies by 1.6% in the 4th quarter. State Street Corp now owns 158,169 shares of the textile maker’s stock worth $2,142,000 after purchasing an additional 2,467 shares during the period. Finally, Renaissance Technologies LLC raised its position in Superior Group of Companies by 1.9% in the 4th quarter. Renaissance Technologies LLC now owns 227,600 shares of the textile maker’s stock worth $3,082,000 after purchasing an additional 4,300 shares during the period. Hedge funds and other institutional investors own 37.63% of the company’s stock.
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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.
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