Russell Investments Group Ltd. cut its holdings in Superior Uniform Group, Inc. (NASDAQ:SGC) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,619 shares of the textile maker’s stock after selling 11,473 shares during the quarter. Russell Investments Group Ltd. owned 3.02% of Superior Uniform Group worth $10,271,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its position in shares of Superior Uniform Group by 11.4% in the second quarter. State Street Corp now owns 113,255 shares of the textile maker’s stock valued at $2,531,000 after acquiring an additional 11,632 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Superior Uniform Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,084,709 shares of the textile maker’s stock valued at $24,243,000 after purchasing an additional 5,545 shares during the last quarter. Vanguard Group Inc. increased its stake in Superior Uniform Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 310,136 shares of the textile maker’s stock valued at $6,932,000 after purchasing an additional 5,825 shares during the last quarter. Northern Trust Corp increased its stake in Superior Uniform Group by 10.1% in the second quarter. Northern Trust Corp now owns 120,766 shares of the textile maker’s stock valued at $2,699,000 after purchasing an additional 11,124 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Superior Uniform Group by 50.0% in the second quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock valued at $228,000 after purchasing an additional 3,399 shares during the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.
Superior Uniform Group, Inc. (NASDAQ SGC) opened at $26.20 on Thursday. The company has a current ratio of 4.00, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Superior Uniform Group, Inc. has a 1-year low of $16.65 and a 1-year high of $26.94. The company has a market capitalization of $376.17, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.60 and a beta of -0.03.
Superior Uniform Group (NASDAQ:SGC) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Superior Uniform Group had a return on equity of 14.70% and a net margin of 6.79%. The business had revenue of $67.77 million for the quarter, compared to analysts’ expectations of $68.06 million. sell-side analysts expect that Superior Uniform Group, Inc. will post 1.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, November 14th. Superior Uniform Group’s dividend payout ratio is currently 32.20%.
Several equities research analysts have recently weighed in on SGC shares. BidaskClub raised Superior Uniform Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded Superior Uniform Group from a “buy” rating to a “hold” rating in a report on Saturday, September 16th.
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About Superior Uniform Group
Superior Uniform Group, Inc (Superior) manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Superior operates through two segments: Uniforms and Related Products, and Remote Staffing Solutions.
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