Superior Group of Companies (NASDAQ:SGC) Stock Crosses Below 200 Day Moving Average - What's Next?

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.43 and traded as low as $13.67. Superior Group of Companies shares last traded at $13.70, with a volume of 38,873 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SGC. StockNews.com upgraded Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 3rd. Barrington Research boosted their price objective on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, November 11th.

Superior Group of Companies Trading Up 0.1 %

The company has a market capitalization of $226.65 million, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $15.17 and its two-hundred day moving average price is $15.41.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.56 annualized dividend and a yield of 4.04%. Superior Group of Companies's dividend payout ratio (DPR) is presently 67.47%.

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Institutional Investors Weigh In On Superior Group of Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Superior Group of Companies by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock worth $15,411,000 after purchasing an additional 39,894 shares in the last quarter. American Century Companies Inc. boosted its holdings in Superior Group of Companies by 11.7% in the fourth quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker's stock worth $6,007,000 after purchasing an additional 38,207 shares during the last quarter. Geode Capital Management LLC grew its position in Superior Group of Companies by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker's stock worth $4,405,000 after purchasing an additional 9,053 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Superior Group of Companies by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock valued at $4,169,000 after buying an additional 2,320 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Superior Group of Companies by 87.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker's stock worth $2,957,000 after buying an additional 89,096 shares during the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

Superior Group of Companies Company Profile

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.