Jacobs Levy Equity Management Inc. Sells 29,469 Shares of Superior Group of Companies, Inc. (NASDAQ:SGC)

Jacobs Levy Equity Management Inc. cut its stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,409 shares of the textile maker's stock after selling 29,469 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.99% of Superior Group of Companies worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in Superior Group of Companies by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker's stock worth $290,000 after buying an additional 881 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Superior Group of Companies by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,902 shares of the textile maker's stock worth $618,000 after acquiring an additional 1,193 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Superior Group of Companies by 17.9% in the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock worth $213,000 after acquiring an additional 1,960 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Superior Group of Companies by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock valued at $4,169,000 after purchasing an additional 2,320 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Superior Group of Companies by 11.4% during the 4th quarter. Barclays PLC now owns 24,718 shares of the textile maker's stock valued at $409,000 after purchasing an additional 2,537 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.

Superior Group of Companies Trading Up 0.2%

Shares of NASDAQ SGC traded up $0.02 during mid-day trading on Wednesday, hitting $10.14. The stock had a trading volume of 4,120 shares, compared to its average volume of 81,420. The business has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $13.84. Superior Group of Companies, Inc. has a 1 year low of $9.11 and a 1 year high of $21.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The firm has a market cap of $162.07 million, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.67.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.16). The firm had revenue of $137.10 million during the quarter, compared to analysts' expectations of $139.85 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. On average, equities analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 5.52%. Superior Group of Companies's dividend payout ratio is presently 124.44%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barrington Research lowered their price target on shares of Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. StockNews.com downgraded Superior Group of Companies from a "buy" rating to a "hold" rating in a report on Saturday, April 19th. Finally, DA Davidson dropped their target price on Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, March 12th.

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.