Jacobs Levy Equity Management Inc. Sells 41,950 Shares of Superior Group of Companies, Inc. $SGC

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Superior Group of Companies by 26.0%, selling 41,950 shares, and now owns approximately 0.72% of the company valued at $1.3 million.
• Analysts recently upgraded Superior Group of Companies to a "buy" rating, with a new target price set at $16.00, and an average price target of $17.33.
• The company announced a quarterly dividend of $0.14 per share, representing an annualized yield of 4.6% despite a high payout ratio of 109.80%.

Jacobs Levy Equity Management Inc. lessened its position in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 26.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 119,459 shares of the textile maker's stock after selling 41,950 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.72% of Superior Group of Companies worth $1,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SGC. Cloud Capital Management LLC purchased a new position in shares of Superior Group of Companies in the 1st quarter valued at approximately $32,000. Hennion & Walsh Asset Management Inc. purchased a new position in Superior Group of Companies during the first quarter valued at $117,000. Ancora Advisors LLC purchased a new position in Superior Group of Companies during the first quarter valued at $133,000. BNP Paribas Financial Markets raised its stake in Superior Group of Companies by 344.4% during the fourth quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker's stock valued at $204,000 after buying an additional 9,563 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Superior Group of Companies by 17.9% during the fourth quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock valued at $213,000 after buying an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.

Insider Activity at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of Superior Group of Companies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the sale, the director owned 202,126 shares of the company's stock, valued at $2,316,363.96. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.70% of the stock is owned by insiders.

Superior Group of Companies Stock Performance

Shares of SGC traded up $0.23 during trading hours on Wednesday, hitting $11.47. The stock had a trading volume of 44,292 shares, compared to its average volume of 37,013. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.71 and a quick ratio of 1.70. Superior Group of Companies, Inc. has a 12 month low of $9.11 and a 12 month high of $18.48. The firm has a market capitalization of $183.18 million, a PE ratio of 22.49, a PEG ratio of 2.37 and a beta of 1.41. The stock has a fifty day moving average price of $11.62 and a 200 day moving average price of $10.97.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, topping 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 company 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. 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.56 annualized dividend and a dividend yield of 4.9%. Superior Group of Companies's payout ratio is presently 109.80%.

Analyst Ratings Changes

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

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.