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

Key Points

• Superior Group of Companies shares fell below their 200-day moving average, trading as low as $10.78 and closing at $10.98 with a volume of 14,805 shares.
• Analysts have downgraded the stock; Wall Street Zen lowered it from a "buy" to a "hold" rating, while Barrington Research reduced its price target from $18.00 to $15.00.
• The company reported a quarterly loss of ($0.05) EPS, missing expectations, with revenues of $137.10 million, which fell short of the $139.85 million consensus estimate.

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.86 and traded as low as $10.78. Superior Group of Companies shares last traded at $10.98, with a volume of 14,805 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SGC shares. Noble Financial assumed coverage on Superior Group of Companies in a research note on Thursday, May 29th. They set an "outperform" rating and a $16.00 target price 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 dropped their target price on Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th.

Superior Group of Companies Price Performance

The company's 50-day simple moving average is $10.38 and its 200 day simple moving average is $11.83. The company has a market cap of $175.46 million, a PE ratio of 24.40, a PEG ratio of 2.70 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.85 and a current ratio of 2.90.

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

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date was Monday, May 19th. Superior Group of Companies's dividend payout ratio is presently 124.44%.

Institutional Trading of Superior Group of Companies

Several hedge funds have recently added to or reduced their stakes in SGC. Cloud Capital Management LLC purchased a new stake in shares of Superior Group of Companies in the 1st quarter valued at approximately $32,000. Hennion & Walsh Asset Management Inc. purchased a new position in Superior Group of Companies in the first quarter valued at $117,000. Kapitalo Investimentos Ltda purchased a new position in Superior Group of Companies in the second quarter valued at $122,000. Ancora Advisors LLC acquired a new stake in Superior Group of Companies in the first quarter valued at $133,000. Finally, Arete Wealth Advisors LLC lifted its holdings in Superior Group of Companies by 18.4% during the 1st quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker's stock worth $193,000 after buying an additional 2,737 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company's stock.

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.