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

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%.

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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a research note on Saturday. Barrington Research cut their target price on shares of Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Noble Financial assumed coverage on shares of Superior Group of Companies in a research note on Thursday, May 29th. They issued an "outperform" rating and a $16.00 price target for the company.

Superior Group of Companies Stock Up 4.9%

The firm has a market cap of $199.15 million, a PE ratio of 24.45, a P/E/G ratio of 2.49 and a beta of 1.45. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49. The business's 50-day simple moving average is $10.53 and its 200 day simple moving average is $11.38.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its 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. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. The firm had revenue of $144.05 million during the quarter, compared to analysts' expectations of $133.32 million. As a group, equities research analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.5%. Superior Group of Companies's dividend payout ratio is presently 109.80%.

Institutional Trading of Superior Group of Companies

Several hedge funds have recently made changes to their positions in SGC. Cloud Capital Management LLC purchased a new position in shares of Superior Group of Companies during the first quarter worth approximately $32,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Superior Group of Companies in the first quarter valued at $117,000. Kapitalo Investimentos Ltda acquired a new position in shares of Superior Group of Companies during the 2nd quarter worth $122,000. Ancora Advisors LLC acquired a new position in shares of Superior Group of Companies during the 1st quarter worth $133,000. Finally, BNP Paribas Financial Markets raised its stake in Superior Group of Companies by 344.4% in the 4th quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker's stock valued at $204,000 after purchasing an additional 9,563 shares during the last quarter. Institutional investors and hedge funds 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.