Superior Group of Companies (NASDAQ:SGC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.72 and traded as high as $17.39. Superior Group of Companies shares last traded at $17.11, with a volume of 48,990 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SGC. DA Davidson reiterated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a report on Tuesday, October 8th. Barrington Research raised their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd.

Superior Group of Companies Stock Down 1.2 %

The firm has a 50-day moving average of $16.09 and a two-hundred day moving average of $16.72. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $279.59 million, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The firm had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. During the same quarter in the prior year, the business earned $0.19 EPS. On average, equities research analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.14 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.27%. Superior Group of Companies’s dividend payout ratio (DPR) is 67.47%.

Insider Activity

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the completion of the sale, the director now directly owns 205,281 shares of the company’s stock, valued at $3,350,185.92. This trade represents a 5.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 27.10% of the company’s stock.

Institutional Trading of Superior Group of Companies

Several institutional investors have recently made changes to their positions in SGC. US Bancorp DE raised its position in shares of Superior Group of Companies by 148.4% in the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 1,729 shares during the period. MetLife Investment Management LLC grew its position in shares of Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Superior Group of Companies in the 3rd quarter valued at about $154,000. HighTower Advisors LLC acquired a new stake in shares of Superior Group of Companies in the 3rd quarter valued at approximately $167,000. Finally, Algert Global LLC bought a new position in Superior Group of Companies in the second quarter valued at about $192,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.