Superior Group of Companies, Inc. (SGC) To Go Ex-Dividend on November 13th

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.14 per share by the textile maker on Wednesday, November 27th. This represents a $0.56 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, November 13th.

Superior Group of Companies has increased its dividend payment by an average of 23.1% per year over the last three years. Superior Group of Companies has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Group of Companies to earn $0.93 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 60.2%.

Superior Group of Companies Trading Up 8.8 %

NASDAQ SGC opened at $17.79 on Friday. The firm’s 50 day moving average price is $15.06 and its two-hundred day moving average price is $17.05. The stock has a market cap of $298.34 million, a price-to-earnings ratio of 21.43, a PEG ratio of 2.22 and a beta of 1.42. Superior Group of Companies has a twelve month low of $9.05 and a twelve month high of $21.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.82.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Tuesday, August 6th. The textile maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company had revenue of $131.74 million for the quarter, compared to analyst estimates of $136.60 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.74%. During the same period last year, the business earned $0.08 EPS. Equities analysts anticipate that Superior Group of Companies will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SGC. Barrington Research reduced their price objective on shares of Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, August 21st. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Insiders Place Their Bets

In related news, CEO Michael Benstock acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the acquisition, the chief executive officer now owns 583,848 shares in the company, valued at $7,852,755.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael Benstock acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the acquisition, the chief executive officer now owns 583,848 shares in the company, valued at $7,852,755.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jake Himelstein acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the acquisition, the insider now owns 40,825 shares in the company, valued at approximately $530,725. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 15,500 shares of company stock valued at $206,700 in the last quarter. Insiders own 27.10% 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: 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.