Superior Group of Companies (NASDAQ:SGC) Shares Cross Below 200-Day Moving Average of $18.98

Superior Group of Companies, Inc. (NASDAQ:SGCGet Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.98 and traded as low as $17.20. Superior Group of Companies shares last traded at $17.33, with a volume of 42,479 shares.

Several research firms recently issued reports on SGC. Barrington Research decreased their target price on shares of Superior Group of Companies from $33.00 to $31.00 in a research note on Monday, May 9th. TheStreet downgraded shares of Superior Group of Companies from a “b” rating to a “c+” rating in a research report on Thursday, March 10th. Finally, StockNews.com assumed coverage on Superior Group of Companies in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

The stock has a 50-day moving average of $17.03 and a 200 day moving average of $18.98. The stock has a market cap of $280.24 million, a PE ratio of 12.74 and a beta of 0.90. The company has a quick ratio of 1.73, a current ratio of 2.95 and a debt-to-equity ratio of 0.49.

Superior Group of Companies (NASDAQ:SGCGet Rating) last issued its earnings results on Wednesday, May 4th. The textile maker reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Superior Group of Companies had a return on equity of 13.01% and a net margin of 4.07%. The firm had revenue of $143.58 million for the quarter, compared to analysts’ expectations of $136.19 million. During the same period last year, the firm earned $0.66 earnings per share. Research analysts forecast that Superior Group of Companies, Inc. will post 1.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Tuesday, May 24th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, May 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 3.23%. This is a boost from Superior Group of Companies’s previous quarterly dividend of $0.12. Superior Group of Companies’s dividend payout ratio is presently 41.18%.

In other news, CEO Michael Benstock bought 2,146 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were bought at an average price of $15.13 per share, with a total value of $32,468.98. Following the completion of the transaction, the chief executive officer now directly owns 695,771 shares in the company, valued at $10,527,015.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 11,004 shares of company stock worth $169,341 over the last three months. Insiders own 28.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGC. Dimensional Fund Advisors LP grew its stake in shares of Superior Group of Companies by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 991,886 shares of the textile maker’s stock worth $17,705,000 after purchasing an additional 10,875 shares in the last quarter. First Wilshire Securities Management Inc. boosted its position in shares of Superior Group of Companies by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 660,906 shares of the textile maker’s stock worth $11,797,000 after acquiring an additional 22,986 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Superior Group of Companies by 7.0% in the 1st quarter. Neuberger Berman Group LLC now owns 373,464 shares of the textile maker’s stock valued at $6,666,000 after acquiring an additional 24,277 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Superior Group of Companies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 186,854 shares of the textile maker’s stock worth $4,351,000 after acquiring an additional 1,730 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in Superior Group of Companies by 2.2% during the first quarter. North Star Investment Management Corp. now owns 163,050 shares of the textile maker’s stock worth $2,910,000 after purchasing an additional 3,500 shares during the last quarter. 40.78% of the stock is owned by hedge funds and other institutional investors.

About Superior Group of Companies (NASDAQ:SGC)

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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