Strs Ohio Takes Position in Superior Group of Companies, Inc. $SGC

Key Points

• Strs Ohio has acquired a new position in Superior Group of Companies, purchasing 29,200 shares valued at approximately $319,000, representing about 0.18% of the company.
• Superior Group reported earnings of $0.10 per share for the last quarter, exceeding expectations and achieving revenue of $144.05 million against a forecast of $133.32 million.
• The company has announced a quarterly dividend of $0.14 per share, with an annualized yield of 5.1%, although its payout ratio stands at a high 109.80%.

Strs Ohio bought a new position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,200 shares of the textile maker's stock, valued at approximately $319,000. Strs Ohio owned approximately 0.18% of Superior Group of Companies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in shares of Superior Group of Companies by 8.6% during the 1st quarter. Acadian Asset Management LLC now owns 238,054 shares of the textile maker's stock worth $2,602,000 after purchasing an additional 18,833 shares during the last quarter. Empowered Funds LLC increased its holdings in Superior Group of Companies by 7.5% during the first quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker's stock worth $1,008,000 after buying an additional 6,416 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Superior Group of Companies by 18.4% during the first quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker's stock worth $193,000 after acquiring an additional 2,737 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Superior Group of Companies in the first quarter valued at $133,000. Finally, Hsbc Holdings PLC bought a new position in shares of Superior Group of Companies in the 1st quarter valued at about $247,000. 33.75% of the stock is owned by institutional investors and hedge funds.

Superior Group of Companies Trading Down 4.4%

Shares of NASDAQ:SGC opened at $10.98 on Wednesday. Superior Group of Companies, Inc. has a 12-month low of $9.11 and a 12-month high of $18.48. The business has a 50 day moving average of $11.67 and a 200-day moving average of $10.88. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49. The stock has a market cap of $175.35 million, a PE ratio of 21.53, a P/E/G ratio of 2.43 and a beta of 1.41.

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

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders 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 dividend on an annualized basis and a yield of 5.1%. Superior Group of Companies's payout ratio is currently 109.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barrington Research raised their price objective 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. 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 target price for the company. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $17.33.

Insider Activity

In other Superior Group of Companies 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 transaction, the director owned 202,126 shares in the company, valued at $2,316,363.96. This represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.70% of the stock is currently owned by insiders.

About Superior Group of Companies

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.

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