Superior Group of Companies, Inc. (NASDAQ:SGC) to Issue $0.14 Quarterly Dividend

Superior Group of Companies, Inc. (NASDAQ:SGC) announced 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 3.22%. The ex-dividend date of this dividend is Wednesday, November 13th.

Superior Group of Companies has raised its dividend payment by an average of 23.1% annually over the last three years. Superior Group of Companies has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.3 %

Shares of SGC opened at $17.38 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. Superior Group of Companies has a 1-year low of $9.86 and a 1-year high of $21.80. The firm’s 50-day moving average price is $15.18 and its 200-day moving average price is $17.07. The firm has a market capitalization of $291.46 million, a price-to-earnings ratio of 20.94, a PEG ratio of 2.31 and a beta of 1.42.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The company had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. Superior Group of Companies had a return on equity of 6.74% and a net margin of 2.37%. During the same period in the previous year, the company posted $0.19 earnings per share. Sell-side analysts anticipate that Superior Group of Companies will post 0.75 EPS for the current year.

Insider Activity at Superior Group of Companies

In other Superior Group of Companies news, insider Jake Himelstein bought 2,000 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $13.00 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Loreen M. Spencer bought 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the director now owns 7,266 shares of the company’s stock, valued at $95,911.20. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jake Himelstein bought 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $13.00 per share, with a total value of $26,000.00. Following the completion of the purchase, the insider now owns 40,825 shares in the company, valued at approximately $530,725. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 15,500 shares of company stock valued at $206,700. 27.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SGC has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $24.00 price objective on shares of Superior Group of Companies in a research report on Tuesday, October 8th. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Barrington Research increased their price objective 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.

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.