Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.94 and traded as low as $15.50. Superior Group of Companies shares last traded at $15.64, with a volume of 47,455 shares changing hands.
Analyst Ratings Changes
A number of analysts have issued reports on the company. StockNews.com raised Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 3rd. DA Davidson restated a "buy" rating and issued a $24.00 target price on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Finally, Barrington Research raised their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th.
Read Our Latest Stock Analysis on Superior Group of Companies
Superior Group of Companies Trading Down 3.4 %
The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The business's fifty day simple moving average is $16.23 and its two-hundred day simple moving average is $15.90. The stock has a market capitalization of $247.32 million, a P/E ratio of 18.24, a P/E/G ratio of 1.62 and a beta of 1.46.
Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The business had revenue of $149.69 million during the quarter, compared to analysts' expectations of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter last year, the company posted $0.19 EPS. As a group, analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.
Superior Group of Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.56 annualized dividend and a yield of 3.70%. Superior Group of Companies's payout ratio is presently 67.47%.
Insiders Place Their Bets
In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the transaction, the director now owns 205,281 shares of the company's stock, valued at $3,350,185.92. This represents a 5.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 27.10% of the company's stock.
Hedge Funds Weigh In On Superior Group of Companies
A number of hedge funds have recently made changes to their positions in SGC. Dimensional Fund Advisors LP boosted its stake in Superior Group of Companies by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 878,889 shares of the textile maker's stock worth $16,620,000 after acquiring an additional 13,690 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Superior Group of Companies by 186.8% during the 2nd quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker's stock valued at $1,475,000 after purchasing an additional 50,800 shares during the last quarter. Sei Investments Co. purchased a new stake in Superior Group of Companies in the second quarter worth $266,000. Algert Global LLC purchased a new stake in shares of Superior Group of Companies during the 2nd quarter valued at approximately $192,000. Finally, CWC Advisors LLC. purchased a new stake in Superior Group of Companies in the 3rd quarter worth approximately $442,000. 33.75% of the stock is currently owned by institutional investors.
Superior Group of Companies Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Superior Group of Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Superior Group of Companies wasn't on the list.
While Superior Group of Companies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
