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

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.04 and traded as low as $10.62. Superior Group of Companies shares last traded at $10.63, with a volume of 71,538 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on SGC. Noble Financial began coverage on Superior Group of Companies in a research report on Thursday, May 29th. They issued an "outperform" rating and a $16.00 price target for the company. Wall Street Zen lowered Superior Group of Companies from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Barrington Research cut 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 note on Tuesday, May 13th.

Superior Group of Companies Price Performance

The stock has a 50 day simple moving average of $10.30 and a two-hundred day simple moving average of $11.94. The company has a market cap of $174.02 million, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.61 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.90 and a quick ratio of 1.85.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The textile maker reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.16). Superior Group of Companies had a return on equity of 3.70% and a net margin of 1.30%. The business had revenue of $137.10 million for the quarter, compared to analysts' expectations of $139.85 million. On average, equities research analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.14%. Superior Group of Companies's payout ratio is currently 124.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Superior Group of Companies during the fourth quarter worth $249,000. American Century Companies Inc. raised its holdings 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 purchasing an additional 38,207 shares during the last quarter. LPL Financial LLC acquired a new position in Superior Group of Companies during the fourth quarter worth $331,000. Prudential Financial Inc. raised its holdings in Superior Group of Companies by 24.7% during the fourth quarter. Prudential Financial Inc. now owns 15,160 shares of the textile maker's stock worth $251,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Superior Group of Companies by 36.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker's stock valued at $3,023,000 after acquiring an additional 49,156 shares in the last quarter. 33.75% of the stock is currently owned by hedge funds and other 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.