Superior Group of Companies (NASDAQ:SGC) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Superior Group of Companies shares rose above their 200-day moving average, reaching $12.80 and last trading at $12.63, compared with the $11.73 average.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an $18.00 price target. The company also exceeded quarterly earnings and revenue expectations, reporting $0.21 EPS versus the $0.10 consensus.
• The company declared a quarterly dividend of $0.14 per share, equivalent to a $0.56 annualized payout and a 4.4% yield; however, its dividend payout ratio is high at 101.82%.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.73 and traded as high as $12.80. Superior Group of Companies shares last traded at $12.63, with a volume of 19,544 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen raised Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. DA Davidson raised their price objective on Superior Group of Companies from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Superior Group of Companies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Superior Group of Companies has an average rating of "Moderate Buy" and an average target price of $18.00.

Superior Group of Companies Stock Performance

The firm has a market cap of $201.32 million, a P/E ratio of 22.96, a P/E/G ratio of 1.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.76 and a current ratio of 2.60. The company's 50 day moving average is $13.04 and its 200 day moving average is $11.73.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its earnings results on Tuesday, August 4th. The textile maker reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.11. The firm had revenue of $147.84 million for the quarter, compared to analysts' expectations of $142.87 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 5.29%. Superior Group of Companies has set its FY 2026 guidance at 0.540-0.660 EPS. As a group, equities analysts predict that Superior Group of Companies, Inc. will post 0.64 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.56 annualized dividend and a dividend yield of 4.4%. Superior Group of Companies's dividend payout ratio (DPR) is 101.82%.

Hedge Funds Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently bought and sold shares of SGC. Empowered Funds LLC raised its position in Superior Group of Companies by 7.5% in the first quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker's stock valued at $1,008,000 after purchasing an additional 6,416 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Superior Group of Companies by 34.6% during the second quarter. Hsbc Holdings PLC now owns 29,917 shares of the textile maker's stock worth $309,000 after purchasing an additional 7,684 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Superior Group of Companies by 21.1% in the second quarter. Qube Research & Technologies Ltd now owns 26,293 shares of the textile maker's stock valued at $271,000 after buying an additional 4,589 shares during the period. Jane Street Group LLC acquired a new position in shares of Superior Group of Companies in the second quarter valued at approximately $206,000. Finally, Ameriprise Financial Inc. raised its holdings in Superior Group of Companies by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker's stock valued at $182,000 after buying an additional 1,021 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 is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.

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