Superior Group of Companies (NASDAQ:SGC) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) shares passed 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 changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson decreased their price objective on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. StockNews.com cut Superior Group of Companies from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Finally, Barrington Research dropped their price objective on Superior Group of Companies from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th.

Superior Group of Companies Stock Performance

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 firm's fifty day moving average price is $13.30 and its 200-day moving average price is $15.00. The firm has a market cap of $167.91 million, a price-to-earnings ratio of 12.28, a PEG ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). The company had revenue of $145.41 million during the quarter, compared to analyst estimates of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. Analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a yield of 5.50%. Superior Group of Companies's dividend payout ratio is presently 75.68%.

Hedge Funds Weigh In On Superior Group of Companies

A number of hedge funds have recently modified their holdings of SGC. MetLife Investment Management LLC boosted its stake in 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 purchasing an additional 4,303 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies in the third quarter valued at 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 acquired a new stake in shares of Superior Group of Companies during the fourth quarter worth about $181,000. Finally, EMC Capital Management grew its holdings in shares of Superior Group of Companies by 59.5% during the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker's stock worth $195,000 after buying an additional 4,405 shares during the last quarter. 33.75% of the stock is currently 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.