Superior Group of Companies, Inc. $SGC Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its holdings in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) by 9.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,859 shares of the textile maker’s stock after selling 4,547 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.27% of Superior Group of Companies worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Superior Group of Companies by 344.4% during the fourth 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 period. Bank of America Corp DE increased its stake in 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 buying an additional 1,960 shares during the period. Deutsche Bank AG boosted its holdings in Superior Group of Companies by 57.8% in the fourth quarter. Deutsche Bank AG now owns 18,112 shares of the textile maker’s stock valued at $299,000 after purchasing an additional 6,635 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Superior Group of Companies by 16.7% during the fourth quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker’s stock worth $312,000 after buying an additional 2,700 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Superior Group of Companies during the 1st quarter worth $117,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Insider Activity at Superior Group of Companies

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

Analysts Set New Price Targets

SGC has been the subject of a number of research reports. 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. Noble Financial initiated coverage on shares of Superior Group of Companies in a report on Thursday, May 29th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Barrington Research boosted 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 report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $17.33.

Superior Group of Companies Stock Performance

Shares of SGC opened at $10.89 on Friday. The firm has a fifty day moving average of $11.68 and a 200-day moving average of $10.87. The company has a market cap of $173.91 million, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.34 and a beta of 1.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.71. Superior Group of Companies, Inc. has a 1 year low of $9.11 and a 1 year high of $18.48.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $144.05 million for 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 analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.56 annualized dividend and a yield of 5.1%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 109.80%.

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.