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

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Monday, May 20th will be given a dividend of 0.14 per share by the textile maker on Monday, June 3rd. This represents a $0.56 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 17th.

Superior Group of Companies has increased its dividend payment by an average of 23.1% annually over the last three years.

Superior Group of Companies Price Performance

SGC traded down $0.42 during trading on Thursday, reaching $19.52. 85,233 shares of the company traded hands, compared to its average volume of 62,579. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78. Superior Group of Companies has a 12-month low of $7.36 and a 12-month high of $20.29. The firm has a fifty day simple moving average of $16.16 and a 200 day simple moving average of $13.79. The company has a market cap of $326.18 million, a P/E ratio of 36.25, a PEG ratio of 2.62 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The firm had revenue of $147.24 million during the quarter, compared to analyst estimates of $142.59 million. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. On average, equities analysts forecast that Superior Group of Companies will post 0.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SGC. Barrington Research lifted their target price on Superior Group of Companies from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Singular Research restated a “buy” rating on shares of Superior Group of Companies in a report on Tuesday, March 19th. Finally, StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th.

Insiders Place Their Bets

In related news, Director Paul V. Mellini sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.66, for a total transaction of $93,960.00. Following the completion of the sale, the director now directly owns 92,955 shares of the company’s stock, valued at approximately $1,455,675.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Paul V. Mellini sold 6,000 shares of Superior Group of Companies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the completion of the transaction, the director now owns 92,955 shares in the company, valued at approximately $1,455,675.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip Koosed sold 9,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the completion of the sale, the insider now directly owns 82,436 shares in the company, valued at $1,289,299.04. The disclosure for this sale can be found here. Corporate insiders own 26.50% 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.