Nuveen LLC Buys Shares of 24,583 Superior Group of Companies, Inc. $SGC

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Superior Group of Companies by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock valued at $15,411,000 after purchasing an additional 39,894 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in 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 valued at $4,275,000 after purchasing an additional 1,000 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Superior Group of Companies by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 167,456 shares of the textile maker's stock valued at $2,768,000 after purchasing an additional 4,128 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Superior Group of Companies by 7.3% during the 4th quarter. Northern Trust Corp now owns 116,011 shares of the textile maker's stock worth $1,918,000 after acquiring an additional 7,875 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Superior Group of Companies by 32.1% during the 4th quarter. Lazard Asset Management LLC now owns 55,218 shares of the textile maker's stock worth $912,000 after acquiring an additional 13,411 shares during the period. Hedge funds and other institutional investors own 33.75% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SGC shares. Barrington Research lifted their price target on Superior Group of Companies from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Noble Financial started coverage on Superior Group of Companies in a report on Thursday, May 29th. They set an "outperform" rating and a $16.00 price target on the stock. Finally, Wall Street Zen upgraded Superior Group of Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $17.33.

Superior Group of Companies Trading Up 1.0%

SGC traded up $0.12 on Monday, hitting $12.33. The company had a trading volume of 52,668 shares, compared to its average volume of 42,382. The firm has a market cap of $196.91 million, a P/E ratio of 24.18, a PEG ratio of 2.58 and a beta of 1.41. Superior Group of Companies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.48. The company's fifty day moving average price is $11.52 and its 200 day moving average price is $11.06. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $144.05 million for the quarter, compared to analyst estimates of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. Superior Group of Companies has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The business 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. This represents a $0.56 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, August 18th. Superior Group of Companies's payout ratio is 109.80%.

Insider Transactions at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $11.46, for a total value of $137,520.00. Following the sale, the director directly owned 202,126 shares in the company, valued at approximately $2,316,363.96. The trade was a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.70% 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.