Superior Group of Companies (NASDAQ:SGC) Shares Pass Below 200 Day Moving Average - Here's Why

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.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) passed 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 changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on SGC shares. Wall Street Zen downgraded shares of Superior Group of Companies from a "buy" rating to a "hold" rating in a research report on Saturday, April 19th. Barrington Research reduced their target price on shares of Superior Group of Companies from $18.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Noble Financial began coverage on shares of Superior Group of Companies in a report on Thursday, May 29th. They issued an "outperform" rating and a $16.00 target price for the company.

Superior Group of Companies Stock Performance

The business has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $11.75. The company has a quick ratio of 1.85, a current ratio of 2.90 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $171.21 million, a PE ratio of 23.59, a PEG ratio of 2.70 and a beta of 1.58.

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). 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 analysts' expectations of $139.85 million. Equities research analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal 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 $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.23%. The ex-dividend date was Monday, May 19th. Superior Group of Companies's payout ratio is 124.44%.

Institutional Investors Weigh In On Superior Group of Companies

Hedge funds have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in Superior Group of Companies in the 1st quarter valued at $32,000. Hennion & Walsh Asset Management Inc. acquired a new position in Superior Group of Companies in the 1st quarter valued at $117,000. Kapitalo Investimentos Ltda acquired a new position in Superior Group of Companies in the 2nd quarter valued at $122,000. Ancora Advisors LLC acquired a new position in Superior Group of Companies in the 1st quarter valued at $133,000. Finally, Arete Wealth Advisors LLC raised its stake in Superior Group of Companies by 18.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 17,636 shares of the textile maker's stock valued at $193,000 after purchasing an additional 2,737 shares during the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.