Superior Group of Companies (NASDAQ:SGC) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.71 and traded as low as $9.64. Superior Group of Companies shares last traded at $10.03, with a volume of 56,310 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barrington Research lowered their target price on 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. Noble Financial assumed coverage on Superior Group of Companies in a research report on Thursday, May 29th. They set an "outperform" rating and a $16.00 price target on the stock. Wall Street Zen cut Superior Group of Companies from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, DA Davidson decreased their target price on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th.

Superior Group of Companies Price Performance

The company has a current ratio of 2.90, a quick ratio of 1.85 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $164.43 million, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.07 and a beta of 1.60. The company's 50 day moving average is $10.15 and its 200-day moving average is $12.63.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The textile maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.16). Superior Group of Companies had a net margin of 1.30% and a return on equity of 3.70%. The business had revenue of $137.10 million during the quarter, compared to analyst estimates of $139.85 million. Equities research analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.44%. The ex-dividend date was Monday, May 19th. Superior Group of Companies's dividend payout ratio is 124.44%.

Hedge Funds Weigh In On Superior Group of Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of Superior Group of Companies by 45.9% in the fourth quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker's stock valued at $2,951,000 after purchasing an additional 56,199 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Superior Group of Companies by 36.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker's stock valued at $3,023,000 after buying an additional 49,156 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Superior Group of Companies by 4.5% in the 4th 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. lifted its position in Superior Group of Companies by 11.7% during the fourth quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker's stock worth $6,007,000 after acquiring an additional 38,207 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Superior Group of Companies during the first quarter worth approximately $319,000. 33.75% of the stock is owned by institutional investors.

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.