Dimensional Fund Advisors LP Purchases 39,894 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Dimensional Fund Advisors LP raised its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 932,310 shares of the textile maker's stock after buying an additional 39,894 shares during the period. Dimensional Fund Advisors LP owned about 5.71% of Superior Group of Companies worth $15,411,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC boosted its position in Superior Group of Companies by 11.4% during the fourth quarter. Barclays PLC now owns 24,718 shares of the textile maker's stock valued at $409,000 after buying an additional 2,537 shares during the period. Wells Fargo & Company MN boosted its position in Superior Group of Companies by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock valued at $4,169,000 after buying an additional 2,320 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in Superior Group of Companies during the fourth quarter valued at about $238,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Superior Group of Companies by 36.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker's stock worth $3,023,000 after purchasing an additional 49,156 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Superior Group of Companies by 24.7% during the fourth quarter. Prudential Financial Inc. now owns 15,160 shares of the textile maker's stock worth $251,000 after purchasing an additional 3,000 shares during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SGC shares. StockNews.com lowered shares of Superior Group of Companies from a "buy" rating to a "hold" rating in a report on Saturday, April 19th. DA Davidson dropped their target price on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Barrington Research dropped their target price on shares of Superior Group of Companies from $21.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, March 13th.

Superior Group of Companies Trading Up 0.3%

SGC stock traded up $0.03 during trading on Monday, reaching $10.40. The company had a trading volume of 92,480 shares, compared to its average volume of 82,752. Superior Group of Companies, Inc. has a 52 week low of $9.11 and a 52 week high of $21.80. The company has a market cap of $171.37 million, a P/E ratio of 12.53, a PEG ratio of 1.52 and a beta of 1.67. The business has a 50 day moving average of $10.84 and a 200 day moving average of $14.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.16). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The company had revenue of $137.10 million during the quarter, compared to the consensus estimate of $139.85 million. As a group, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Monday, May 19th. Superior Group of Companies's payout ratio is currently 124.44%.

Superior Group of Companies 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.