Superior Group of Companies (NASDAQ:SGC) Stock Price Passes Below 200 Day Moving Average of $16.54

Superior Group of Companies, Inc. (NASDAQ:SGCGet Rating)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.54 and traded as low as $9.44. Superior Group of Companies shares last traded at $9.92, with a volume of 112,308 shares.

Analysts Set New Price Targets

Separately, Barrington Research cut their price target on shares of Superior Group of Companies from $31.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, August 25th.

Superior Group of Companies Trading Up 3.0 %

The stock’s fifty day simple moving average is $14.78 and its 200-day simple moving average is $16.54. The firm has a market cap of $161.87 million, a PE ratio of -16.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.01 and a quick ratio of 1.81.

Superior Group of Companies (NASDAQ:SGCGet Rating) last released its quarterly earnings results on Monday, August 8th. The textile maker reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). Superior Group of Companies had a positive return on equity of 8.86% and a negative net margin of 1.66%. The business had revenue of $147.93 million during the quarter, compared to analyst estimates of $145.95 million. On average, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.76 earnings per share for the current year.

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.56 annualized dividend and a yield of 5.65%. Superior Group of Companies’s payout ratio is -90.32%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in Superior Group of Companies during the first quarter worth $27,000. High Net Worth Advisory Group LLC lifted its stake in Superior Group of Companies by 322.2% during the first quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock worth $34,000 after purchasing an additional 1,450 shares in the last quarter. Denali Advisors LLC lifted its stake in Superior Group of Companies by 57.9% during the second quarter. Denali Advisors LLC now owns 3,000 shares of the textile maker’s stock worth $53,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Superior Group of Companies by 68.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,121 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,263 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in Superior Group of Companies in the second quarter valued at $204,000. 41.58% of the stock is currently owned by hedge funds and other institutional investors.

Superior Group of Companies Company Profile

(Get Rating)

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for personnel of hospitals and healthcare facilities; hotels; food and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.

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