Hsbc Holdings PLC Acquires New Position in Superior Group of Companies, Inc. $SGC

Key Points

• Hsbc Holdings PLC has acquired a new stake in Superior Group of Companies, Inc., purchasing 22,233 shares valued at approximately $247,000, representing about 0.13% of the company.
• Superior Group's recent earnings report revealed an EPS of $0.10, exceeding the consensus estimate of $0.05, and the company recorded revenue of $144.05 million for the quarter.
• The company declared a quarterly dividend of $0.14 per share, resulting in an annualized dividend of $0.56 and a dividend yield of 4.5% with a payout ratio of 109.80%.

Hsbc Holdings PLC bought a new position in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 22,233 shares of the textile maker's stock, valued at approximately $247,000. Hsbc Holdings PLC owned approximately 0.13% of Superior Group of Companies as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Superior Group of Companies by 2.9% in the 1st quarter. American Century Companies Inc. now owns 374,078 shares of the textile maker's stock worth $4,092,000 after purchasing an additional 10,662 shares in the last quarter. Nuveen LLC bought a new position in shares of Superior Group of Companies in the 1st quarter worth $269,000. Cloud Capital Management LLC bought a new position in shares of Superior Group of Companies in the 1st quarter worth $32,000. CWC Advisors LLC. lifted its holdings in shares of Superior Group of Companies by 69.4% in the 1st quarter. CWC Advisors LLC. now owns 48,060 shares of the textile maker's stock worth $526,000 after purchasing an additional 19,697 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Superior Group of Companies by 0.3% in the 1st quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker's stock worth $4,275,000 after purchasing an additional 1,000 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Andrew D. Demott, Jr. sold 12,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $11.46, for a total transaction of $137,520.00. Following the completion of the sale, the director directly owned 202,126 shares of the company's stock, valued at $2,316,363.96. This trade represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SGC has been the subject of a number of analyst reports. Wall Street Zen raised Superior Group of Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Noble Financial initiated coverage on Superior Group of Companies in a research report on Thursday, May 29th. They issued an "outperform" rating and a $16.00 price target for the company. Finally, Barrington Research increased their price target on Superior Group of Companies from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $17.33.

Superior Group of Companies Stock Down 1.1%

NASDAQ SGC traded down $0.13 on Wednesday, reaching $11.73. The company had a trading volume of 27,906 shares, compared to its average volume of 40,805. Superior Group of Companies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.48. The stock has a market capitalization of $187.33 million, a P/E ratio of 23.00, a P/E/G ratio of 2.51 and a beta of 1.41. The company's fifty day moving average is $11.56 and its 200 day moving average is $11.07. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%.The firm had revenue of $144.05 million during the quarter, compared to analyst estimates of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.56 annualized dividend and a dividend yield of 4.8%. Superior Group of Companies's dividend payout ratio (DPR) is currently 109.80%.

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.