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

Key Points

• Superior Group of Companies' share price has fallen below its 200-day moving average, currently trading at $10.09, significantly below the average of $10.77.
• Analysts have mixed ratings on the stock, with a consensus of "Moderate Buy" and a price target of $17.33, despite recent drops in share price.
• The company reported strong quarterly earnings, with an EPS of $0.10, exceeding analyst expectations, and had a recent dividend yield of 5.6% with a high payout ratio.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.77 and traded as low as $10.00. Superior Group of Companies shares last traded at $10.09, with a volume of 22,405 shares changing hands.

Analyst Ratings Changes

SGC has been the subject of several research analyst reports. Barrington Research upped their price objective on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Wall Street Zen raised Superior Group of Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Superior Group of Companies in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.33.

Superior Group of Companies Stock Down 2.0%

The firm has a market capitalization of $161.14 million, a PE ratio of 19.78, a PEG ratio of 2.18 and a beta of 1.40. The business's fifty day moving average price is $11.61 and its 200 day moving average price is $10.77. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued 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. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%.The firm had revenue of $144.05 million for the quarter, compared to analysts' expectations of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.56 annualized dividend and a dividend yield of 5.6%. Superior Group of Companies's dividend payout ratio (DPR) is currently 109.80%.

Insiders Place Their Bets

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $11.46, for a total value of $137,520.00. Following the transaction, the director directly owned 202,126 shares of the company's stock, valued at approximately $2,316,363.96. The trade was a 5.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in Superior Group of Companies during the first quarter worth about $32,000. Kapitalo Investimentos Ltda purchased a new position in shares of Superior Group of Companies during the 2nd quarter worth approximately $122,000. Ancora Advisors LLC acquired a new stake in shares of Superior Group of Companies in the 1st quarter valued at approximately $133,000. Bank of America Corp DE boosted its stake in shares of Superior Group of Companies by 20.5% in the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker's stock valued at $152,000 after buying an additional 2,511 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in Superior Group of Companies by 18.4% during the first quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker's stock worth $193,000 after acquiring an additional 2,737 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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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