Superior Group of Companies Inc (NASDAQ:SGC) Declares $0.10 Quarterly Dividend

Superior Group of Companies Inc (NASDAQ:SGC) announced a quarterly dividend on Friday, November 1st, Fidelity reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.10 per share by the textile maker on Wednesday, November 27th. This represents a $0.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, November 12th.

Shares of SGC stock opened at $15.00 on Friday. The firm’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $16.07. The firm has a market capitalization of $243.94 million, a P/E ratio of 12.71, a PEG ratio of 1.58 and a beta of 0.01. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.66. Superior Group of Companies has a 1 year low of $12.79 and a 1 year high of $19.39.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Wednesday, October 23rd. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $89.47 million during the quarter, compared to analysts’ expectations of $96.66 million. Superior Group of Companies had a net margin of 3.76% and a return on equity of 8.91%. As a group, equities research analysts forecast that Superior Group of Companies will post 0.75 EPS for the current fiscal year.

A number of research firms recently issued reports on SGC. Canaccord Genuity reiterated a “hold” rating and set a $150.00 price objective on shares of Superior Group of Companies in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Barrington Research reiterated a “buy” rating and set a $22.00 price objective on shares of Superior Group of Companies in a research report on Thursday, August 1st. Finally, ValuEngine upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $86.00.

In other news, CEO Michael Benstock acquired 5,000 shares of Superior Group of Companies stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $12.93 per share, with a total value of $64,650.00. Following the purchase, the chief executive officer now owns 612,495 shares in the company, valued at approximately $7,919,560.35. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 31.00% of the company’s stock.

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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

Read More: Understanding the two types of arbitrage

Dividend History for Superior Group of Companies (NASDAQ:SGC)

Receive News & Ratings for Superior Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply