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

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.14 per share by the textile maker on Friday, February 28th. This represents a $0.56 annualized dividend and a dividend yield of 3.73%.

Superior Group of Companies has increased its dividend by an average of 6.8% per year over the last three years. Superior Group of Companies has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Superior Group of Companies to earn $0.97 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 57.7%.

Superior Group of Companies Stock Up 0.6 %

SGC opened at $15.01 on Friday. The stock’s fifty day simple moving average is $16.04 and its 200 day simple moving average is $15.73. Superior Group of Companies has a 1-year low of $11.66 and a 1-year high of $21.80. The stock has a market cap of $245.26 million, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data 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. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The company had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same period in the prior year, the firm earned $0.19 earnings per share. As a group, research analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SGC has been the subject of several research reports. Barrington Research raised their price objective on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd.

Insiders Place Their Bets

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the transaction, the director now directly owns 205,281 shares of the company’s stock, valued at $3,350,185.92. The trade was a 5.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 26.50% of the company’s stock.

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.