Superior Group of Companies (NASDAQ:SGC) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.94 and traded as low as $15.50. Superior Group of Companies shares last traded at $15.64, with a volume of 47,455 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SGC. DA Davidson restated a “buy” rating and set a $24.00 target price on shares of Superior Group of Companies in a research report on Tuesday, October 8th. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Finally, Barrington Research raised their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Superior Group of Companies Trading Up 0.2 %

The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average price is $16.27 and its two-hundred day moving average price is $15.94. The firm has a market cap of $255.56 million, a PE ratio of 18.84, a P/E/G ratio of 1.61 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data 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 net margin of 2.37% and a return on equity of 6.75%. The company had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same period in the prior year, the company posted $0.19 EPS. As a group, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Wednesday, November 13th. Superior Group of Companies’s payout ratio is currently 67.47%.

Insider Buying and Selling at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the sale, the director now owns 205,281 shares in the company, valued at approximately $3,350,185.92. The trade was a 5.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Superior Group of Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Superior Group of Companies by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker’s stock worth $16,620,000 after acquiring an additional 13,690 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Superior Group of Companies by 16.1% during the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock valued at $6,038,000 after purchasing an additional 54,000 shares in the last quarter. Geode Capital Management LLC raised its stake in Superior Group of Companies by 3.3% in the third quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker’s stock worth $4,405,000 after buying an additional 9,053 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after buying an additional 89,096 shares in the last quarter. Finally, State Street Corp lifted its holdings in Superior Group of Companies by 10.3% during the third quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock worth $2,860,000 after buying an additional 17,188 shares during the period. Institutional investors own 33.75% 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: 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.