Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281,300 shares of the textile maker’s stock after selling 3,020 shares during the period. Geode Capital Management LLC owned 1.72% of Superior Group of Companies worth $4,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SGC. JPMorgan Chase & Co. lifted its position in Superior Group of Companies by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 39,902 shares of the textile maker’s stock worth $618,000 after buying an additional 1,193 shares during the period. Prudential Financial Inc. increased its stake in shares of Superior Group of Companies by 24.7% during the 4th quarter. Prudential Financial Inc. now owns 15,160 shares of the textile maker’s stock valued at $251,000 after acquiring an additional 3,000 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Superior Group of Companies by 5.1% during the 4th quarter. Empowered Funds LLC now owns 85,765 shares of the textile maker’s stock worth $1,418,000 after acquiring an additional 4,128 shares during the period. EMC Capital Management boosted its position in shares of Superior Group of Companies by 59.5% in the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock worth $195,000 after acquiring an additional 4,405 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Superior Group of Companies by 44.2% in the third quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker’s stock worth $247,000 after acquiring an additional 4,895 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SGC has been the topic of a number of recent analyst reports. Barrington Research cut their price target on shares of Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. StockNews.com lowered Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 19th. Finally, DA Davidson lowered their price target on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th.

Superior Group of Companies Trading Down 1.7 %

Shares of SGC stock opened at $10.12 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. Superior Group of Companies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $21.80. The firm’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $14.41. The stock has a market cap of $166.76 million, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $145.41 million for the quarter, compared to analysts’ expectations of $146.54 million. On average, analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 annualized dividend and a dividend yield of 5.53%. Superior Group of Companies’s payout ratio is currently 75.68%.

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.