Superior Group of Companies Inc (NASDAQ:SGC) insider Philip Koosed sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $22.39, for a total value of $335,850.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Philip Koosed also recently made the following trade(s):
- On Wednesday, July 29th, Philip Koosed sold 25,000 shares of Superior Group of Companies stock. The stock was sold at an average price of $17.17, for a total value of $429,250.00.
SGC traded up $0.29 on Thursday, hitting $22.68. 1,377 shares of the stock traded hands, compared to its average volume of 81,887. Superior Group of Companies Inc has a 52 week low of $6.10 and a 52 week high of $23.68. The company has a current ratio of 2.33, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $346.48 million, a PE ratio of 13.46, a P/E/G ratio of 0.89 and a beta of 0.72. The business has a fifty day moving average price of $16.59 and a two-hundred day moving average price of $11.58.
Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Wednesday, July 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.76. Superior Group of Companies had a return on equity of 15.74% and a net margin of 5.64%. The firm had revenue of $159.36 million for the quarter, compared to analyst estimates of $104.13 million. On average, equities research analysts forecast that Superior Group of Companies Inc will post 1.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a $0.10 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. Superior Group of Companies’s dividend payout ratio is currently 50.63%.
Several equities analysts recently weighed in on the company. TheStreet raised Superior Group of Companies from a “c+” rating to a “b-” rating in a research report on Wednesday, August 12th. BidaskClub raised Superior Group of Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barrington Research reissued an “outperform” rating and set a $21.00 price objective (up previously from $13.00) on shares of Superior Group of Companies in a research report on Thursday, July 30th. Zacks Investment Research upgraded Superior Group of Companies from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Thursday, August 6th. Finally, ValuEngine upgraded Superior Group of Companies from a “sell” rating to a “hold” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $21.50.
Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Superior Group of Companies by 163.0% in the 2nd quarter. Bank of America Corp DE now owns 9,740 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 6,037 shares during the period. Ancora Advisors LLC acquired a new position in shares of Superior Group of Companies in the 2nd quarter worth approximately $151,000. Bank of Montreal Can acquired a new position in shares of Superior Group of Companies in the 2nd quarter worth approximately $782,000. Bailard Inc. acquired a new position in shares of Superior Group of Companies in the 2nd quarter worth approximately $162,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Superior Group of Companies by 11.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 103,697 shares of the textile maker’s stock worth $1,390,000 after acquiring an additional 10,701 shares in the last quarter. Institutional investors own 38.43% 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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