Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Superior Group of Companies (NASDAQ:SGC) stock has recently crossed above its two hundred day moving average, reaching as high as $13.41 and last trading at $13.14.
• Analysts have upgraded SGC's rating, with Barrington Research raising the price target to $16.00 and three analysts currently rating the stock as a "Buy."
• The company announced a quarterly dividend of $0.14 per share, resulting in an annualized yield of 4.3%, despite a high dividend payout ratio of 109.80%.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.20 and traded as high as $13.41. Superior Group of Companies shares last traded at $13.14, with a volume of 28,171 shares trading hands.

Analysts Set New Price Targets

SGC has been the subject of several research reports. Barrington Research upped their price objective on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of Superior Group of Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Noble Financial assumed coverage on Superior Group of Companies in a research note on Thursday, May 29th. They issued an "outperform" rating and a $16.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Superior Group of Companies presently has a consensus rating of "Buy" and a consensus price target of $17.33.

Superior Group of Companies Stock Down 1.5%

The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $199.94 million, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.41. The firm's fifty day simple moving average is $11.44 and its two-hundred day simple moving average is $11.14.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The business had revenue of $144.05 million for the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. Superior Group of Companies has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.14 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.5%. Superior Group of Companies's payout ratio is 109.80%.

Insider Buying and Selling at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the transaction, the director owned 202,126 shares in the company, valued at approximately $2,316,363.96. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP grew its holdings in shares of Superior Group of Companies by 16.7% in the fourth quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker's stock valued at $312,000 after purchasing an additional 2,700 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Superior Group of Companies by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock valued at $15,411,000 after purchasing an additional 39,894 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Superior Group of Companies by 344.4% in the fourth quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker's stock worth $204,000 after acquiring an additional 9,563 shares during the last quarter. Bank of America Corp DE lifted its stake in Superior Group of Companies by 17.9% in the fourth quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock worth $213,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Superior Group of Companies by 57.8% in the fourth quarter. Deutsche Bank AG now owns 18,112 shares of the textile maker's stock worth $299,000 after acquiring an additional 6,635 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.