Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below Two Hundred Day Moving Average of $16.37

Superior Group of Companies Inc (NASDAQ:SGC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.37 and traded as low as $15.80. Superior Group of Companies shares last traded at $16.46, with a volume of 868 shares traded.

A number of equities analysts have weighed in on SGC shares. BidaskClub downgraded Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Barrington Research reissued a “buy” rating and set a $22.00 price target on shares of Superior Group of Companies in a research report on Thursday, August 1st. Zacks Investment Research raised Superior Group of Companies from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 4th. Finally, ValuEngine downgraded Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Superior Group of Companies presently has an average rating of “Hold” and an average price target of $21.00.

The business has a 50-day simple moving average of $14.73 and a two-hundred day simple moving average of $16.37. The stock has a market cap of $247.30 million, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.43 and a beta of 0.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.40 and a quick ratio of 2.32.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Tuesday, July 30th. The textile maker reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $92.27 million for the quarter, compared to analyst estimates of $87.80 million. Superior Group of Companies had a return on equity of 10.45% and a net margin of 4.29%. As a group, equities analysts anticipate that Superior Group of Companies Inc will post 0.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, August 13th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 33.90%.

In other news, CEO Michael Benstock bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $12.93 per share, with a total value of $64,650.00. Following the completion of the transaction, the chief executive officer now owns 612,495 shares of the company’s stock, valued at $7,919,560.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of Superior Group of Companies by 63,900.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,920 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 1,917 shares during the last quarter. Bank of America Corp DE grew its position in shares of Superior Group of Companies by 150.8% in the fourth quarter. Bank of America Corp DE now owns 8,778 shares of the textile maker’s stock valued at $155,000 after purchasing an additional 5,278 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Superior Group of Companies in the first quarter valued at approximately $158,000. HighTower Advisors LLC grew its position in shares of Superior Group of Companies by 5.9% in the second quarter. HighTower Advisors LLC now owns 14,451 shares of the textile maker’s stock valued at $248,000 after purchasing an additional 800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Superior Group of Companies by 23.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,305 shares of the textile maker’s stock valued at $434,000 after purchasing an additional 4,848 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors.

Superior Group of Companies Company Profile (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 health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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