Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,213 shares of the textile maker’s stock after purchasing an additional 1,900 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Superior Group of Companies were worth $902,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SGC. EntryPoint Capital LLC purchased a new position in shares of Superior Group of Companies in the first quarter valued at $28,000. US Bancorp DE grew its stake in Superior Group of Companies by 148.4% in the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 1,729 shares during the last quarter. Vanguard Group Inc. increased its holdings in Superior Group of Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after acquiring an additional 2,799 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Superior Group of Companies by 13.6% during the 1st quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after acquiring an additional 4,090 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Superior Group of Companies by 10,390.3% during the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after acquiring an additional 7,481 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Superior Group of Companies Price Performance

Superior Group of Companies stock opened at $16.23 on Friday. The stock has a market capitalization of $265.20 million, a P/E ratio of 19.55, a P/E/G ratio of 2.10 and a beta of 1.42. Superior Group of Companies, Inc. has a 12-month low of $9.97 and a 12-month high of $21.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The firm’s 50-day moving average is $15.34 and its two-hundred day moving average is $17.06.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The firm 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 last year, the business earned $0.19 earnings per share. Equities analysts predict that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Wall Street Analysts Forecast Growth

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

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.