Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Acquired by US Bancorp DE

US Bancorp DE lifted its stake in Superior Group of Companies, Inc. (NASDAQ:SGC) by 148.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,894 shares of the textile maker’s stock after buying an additional 1,729 shares during the period. US Bancorp DE’s holdings in Superior Group of Companies were worth $45,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Superior Group of Companies by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker’s stock valued at $16,620,000 after acquiring an additional 13,690 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Superior Group of Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after purchasing an additional 2,799 shares during the period. American Century Companies Inc. grew its stake in Superior Group of Companies by 81.0% during the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after buying an additional 103,051 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Superior Group of Companies by 83.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock worth $3,632,000 after buying an additional 87,481 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Superior Group of Companies by 47.2% in the second quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock valued at $2,127,000 after buying an additional 36,045 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Superior Group of Companies Trading Down 1.9 %

NASDAQ:SGC opened at $16.23 on Monday. 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 current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $15.34 and its 200-day simple moving average is $17.06. The firm has a market cap of $265.21 million, a P/E ratio of 19.55, a PEG ratio of 2.09 and a beta of 1.42.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) 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 analysts’ expectations 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 period in the previous year, the company posted $0.19 EPS. Equities analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.45%. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Analyst Upgrades and Downgrades

SGC has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research report on Tuesday, October 8th. StockNews.com downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Barrington Research upped their target price on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

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.