Superior Group of Companies (NASDAQ:SGC) Stock Price Passes 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) shares passed 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.

Wall Street Analysts Forecast Growth

Several research firms have commented on SGC. Barrington Research upped their price objective on Superior Group of Companies from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. 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 objective on the stock. Finally, Wall Street Zen upgraded Superior Group of Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Superior Group of Companies has a consensus rating of "Buy" and an average price target of $17.33.

Superior Group of Companies Trading Down 0.3%

The company has a market cap of $203.82 million, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.78 and a beta of 1.41. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $11.35 and a 200-day simple moving average of $11.14.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its 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 company had revenue of $144.05 million for the quarter, compared to analyst estimates of $133.32 million. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. Superior Group of Companies has set its FY 2025 guidance at EPS. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, August 18th. Superior Group of Companies's payout ratio is presently 109.80%.

Insider Buying and Selling at Superior Group of Companies

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $11.46, for a total transaction of $137,520.00. Following the transaction, the director owned 202,126 shares of the company's stock, valued at $2,316,363.96. This represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 26.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SGC. Cloud Capital Management LLC purchased a new position in shares of Superior Group of Companies during the 1st quarter worth $32,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Superior Group of Companies during the 1st quarter worth $117,000. Kapitalo Investimentos Ltda purchased a new position in shares of Superior Group of Companies during the 2nd quarter worth $122,000. Ancora Advisors LLC purchased a new stake in shares of Superior Group of Companies during the 1st quarter valued at $133,000. Finally, Bank of America Corp DE grew its stake in shares of Superior Group of Companies by 20.5% during the 2nd quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker's stock valued at $152,000 after buying an additional 2,511 shares during the period. Hedge funds and other institutional investors own 33.75% of the company's stock.

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.