Superior Group of Companies (NASDAQ:SGC) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Superior Group of Companies' stock price has fallen below its 200-day moving average, trading at $10.40, which is lower than the moving average of $10.82.
• Analysts currently have a consensus rating of "Moderate Buy" for the stock, with an average price target of $17.33.
• The company reported a quarterly dividend of $0.14 with a yield of 5.4%, although its dividend payout ratio is high at 109.80%.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.82 and traded as low as $10.36. Superior Group of Companies shares last traded at $10.40, with a volume of 26,828 shares.

Analyst Ratings Changes

Several equities research analysts have commented on SGC shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Superior Group of Companies in a research note on Saturday, September 27th. Wall Street Zen upgraded Superior Group of Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Barrington Research upped their price target on Superior Group of Companies from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.33.

Superior Group of Companies Stock Down 0.2%

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 moving average price of $11.63 and a 200-day moving average price of $10.82. The firm has a market capitalization of $166.09 million, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.40.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $144.05 million during 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. Equities research analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, August 18th. Superior Group of Companies's dividend payout ratio is presently 109.80%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. boosted its position in shares of Superior Group of Companies by 0.3% during the first quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker's stock worth $4,275,000 after buying an additional 1,000 shares during the period. American Century Companies Inc. boosted its position in shares of Superior Group of Companies by 2.5% during the second quarter. American Century Companies Inc. now owns 383,425 shares of the textile maker's stock worth $3,949,000 after buying an additional 9,347 shares during the period. Acadian Asset Management LLC boosted its position in shares of Superior Group of Companies by 8.6% during the first quarter. Acadian Asset Management LLC now owns 238,054 shares of the textile maker's stock worth $2,602,000 after buying an additional 18,833 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Superior Group of Companies by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker's stock worth $1,816,000 after buying an additional 1,331 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Superior Group of Companies by 7.5% during the first quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker's stock worth $1,008,000 after buying an additional 6,416 shares during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

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