24,583 Shares in Superior Group of Companies, Inc. $SGC Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a new position in Superior Group of Companies, purchasing 24,583 shares valued at approximately $269,000, representing about 0.15% ownership of the company.
• Superior Group of Companies' recent earnings report showed an EPS of $0.10, exceeding analyst expectations, with revenues of $144.05 million against a consensus estimate of $133.32 million.
• The company announced a quarterly dividend of $0.14 per share, yielding approximately 4.6%, although its dividend payout ratio is notably high at 109.80%.

Nuveen LLC purchased a new position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,583 shares of the textile maker's stock, valued at approximately $269,000. Nuveen LLC owned about 0.15% of Superior Group of Companies as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP raised its position in shares of Superior Group of Companies by 16.7% during the 4th quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker's stock worth $312,000 after purchasing an additional 2,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Superior Group of Companies by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock worth $15,411,000 after purchasing an additional 39,894 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Superior Group of Companies by 344.4% during the 4th quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker's stock worth $204,000 after purchasing an additional 9,563 shares during the last quarter. Bank of America Corp DE raised its position in shares of Superior Group of Companies by 17.9% during the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock worth $213,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Superior Group of Companies by 57.8% during the 4th quarter. Deutsche Bank AG now owns 18,112 shares of the textile maker's stock worth $299,000 after purchasing an additional 6,635 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company's stock.

Superior Group of Companies Price Performance

NASDAQ SGC traded up $0.52 during trading hours on Thursday, hitting $12.25. 31,303 shares of the company's stock traded hands, compared to its average volume of 40,407. Superior Group of Companies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.48. The company has a market capitalization of $195.63 million, a PE ratio of 24.02, a PEG ratio of 2.48 and a beta of 1.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.71 and a quick ratio of 1.70. The firm's 50-day moving average is $11.59 and its 200-day moving average is $11.05.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. The business had revenue of $144.05 million during the quarter, compared to analysts' expectations of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. Equities analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid 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 4.6%. Superior Group of Companies's dividend payout ratio is 109.80%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barrington Research upped their price objective on shares of 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. Wall Street Zen raised shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Noble Financial assumed coverage on shares of 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, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $17.33.

Insider Buying and Selling at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $11.46, for a total transaction of $137,520.00. Following the completion of the transaction, the director owned 202,126 shares of the company's stock, valued at approximately $2,316,363.96. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 26.70% of the company's stock.

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.