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

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.12 and traded as low as $10.91. Superior Group of Companies shares last traded at $10.94, with a volume of 69,986 shares changing hands.

Analysts Set New Price Targets

SGC has been the subject of several analyst reports. StockNews.com lowered Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. DA Davidson reduced their price objective on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, Barrington Research lowered their target price on shares of Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th.

Superior Group of Companies Stock Down 0.7 %

The firm’s fifty day simple moving average is $13.71 and its 200 day simple moving average is $15.12. 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 company has a market cap of $180.27 million, a price-to-earnings ratio of 13.18, a PEG ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The firm had revenue of $145.41 million for the quarter, compared to analyst estimates of $146.54 million. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 annualized dividend and a dividend yield of 5.12%. Superior Group of Companies’s dividend payout ratio is presently 75.68%.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Superior Group of Companies by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker’s stock valued at $15,411,000 after acquiring an additional 39,894 shares during the period. American Century Companies Inc. boosted its stake in Superior Group of Companies by 11.7% during the 4th quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker’s stock worth $6,007,000 after purchasing an additional 38,207 shares during the period. Geode Capital Management LLC boosted its stake in Superior Group of Companies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker’s stock worth $4,405,000 after purchasing an additional 9,053 shares during the period. Wells Fargo & Company MN grew its position in Superior Group of Companies by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker’s stock worth $4,169,000 after purchasing an additional 2,320 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased 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 valued at $2,957,000 after purchasing an additional 89,096 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.