Superior Group of Companies (NASDAQ:SGC) Shares Pass Below 200 Day Moving Average – Should You Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.12 and traded as low as $10.91. Superior Group of Companies shares last traded at $10.94, with a volume of 69,986 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SGC. Barrington Research lowered their target price on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. DA Davidson lowered their price objective on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Finally, StockNews.com downgraded shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th.

Superior Group of Companies Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The stock’s 50-day moving average is $13.71 and its 200 day moving average is $15.12. The stock has a market cap of $180.27 million, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). The business had revenue of $145.41 million during the quarter, compared to analysts’ expectations of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. As a group, analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio (DPR) is 75.68%.

Institutional Investors Weigh In On Superior Group of Companies

Several institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC raised its stake in shares of Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after buying an additional 4,303 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Superior Group of Companies during the third quarter worth about $154,000. HighTower Advisors LLC purchased a new stake in shares of Superior Group of Companies in the third quarter valued at about $167,000. Mason & Associates Inc purchased a new stake in shares of Superior Group of Companies in the fourth quarter valued at about $181,000. Finally, EMC Capital Management grew its position in shares of Superior Group of Companies by 59.5% in the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 4,405 shares during the last quarter. 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.