Superior Group of Companies (NASDAQ:SGC) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Superior Group of Companies shares recently traded above their 200-day moving average of $11.50, reaching a high of $11.90.
• Wall Street analysts have mixed ratings for the company, with Barrington Research lowering its price target from $18.00 to $15.00 while Noble Financial issued a target price of $16.00.
• The company declared a quarterly dividend of $0.14, yielding 4.9% annually, and has a high dividend payout ratio of 109.80%.

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.50 and traded as high as $11.90. Superior Group of Companies shares last traded at $11.42, with a volume of 39,539 shares traded.

Wall Street Analysts Forecast Growth

SGC has been the subject of several research analyst reports. Barrington Research lowered their price objective on shares of Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Noble Financial started coverage on Superior Group of Companies in a research note on Thursday, May 29th. They issued an "outperform" rating and a $16.00 target price for the company. Finally, Wall Street Zen cut Superior Group of Companies from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th.

Superior Group of Companies Stock Performance

The business's fifty day moving average is $10.46 and its 200-day moving average is $11.50. The company has a quick ratio of 1.85, a current ratio of 2.71 and a debt-to-equity ratio of 0.49. The company has a market cap of $182.38 million, a PE ratio of 22.39, a P/E/G ratio of 2.79 and a beta of 1.45.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $144.05 million during the quarter, compared to analyst estimates of $133.32 million. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. As a group, research analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, August 18th. Superior Group of Companies's dividend payout ratio is presently 109.80%.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Superior Group of Companies by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker's stock valued at $290,000 after acquiring an additional 881 shares during the last quarter. North Star Investment Management Corp. raised its stake in Superior Group of Companies by 0.3% during the first quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker's stock valued at $4,275,000 after purchasing an additional 1,000 shares in the last quarter. CWC Advisors LLC. lifted its position in Superior Group of Companies by 2.9% during the second quarter. CWC Advisors LLC. now owns 49,455 shares of the textile maker's stock valued at $509,000 after purchasing an additional 1,395 shares during the last quarter. Bank of America Corp DE lifted its position in Superior Group of Companies by 17.9% during the fourth quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock valued at $213,000 after purchasing an additional 1,960 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Superior Group of Companies by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock worth $4,169,000 after buying an additional 2,320 shares in the last quarter. 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.

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