Superior Uniform Group, Inc. (SGC) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research lowered shares of Superior Uniform Group, Inc. (NASDAQ:SGC) from a buy rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “Superior Uniform Group manufactures and sells a wide range of uniforms, corporate I.D., career apparel and accessories for the hospital and healthcare fields; hotels; fast food and other restaurants; and public safety, industrial, transportation and commercial markets, as well as corporate and resort embroidered sportswear. (Press Release) “
Other research analysts have also recently issued reports about the stock. Barrington Research lifted their target price on shares of Superior Uniform Group from $22.00 to $26.00 and gave the stock an outperform rating in a report on Monday, July 31st. BidaskClub raised shares of Superior Uniform Group from a sell rating to a hold rating in a report on Wednesday, August 16th.
Shares of Superior Uniform Group (SGC) opened at 22.95 on Tuesday. The firm has a 50-day moving average of $22.52 and a 200 day moving average of $20.72. The stock has a market cap of $339.02 million, a price-to-earnings ratio of 20.15 and a beta of -0.01. Superior Uniform Group has a 1-year low of $15.79 and a 1-year high of $23.97.
Superior Uniform Group (NASDAQ:SGC) last issued its earnings results on Thursday, July 27th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. The business had revenue of $65.60 million during the quarter, compared to analysts’ expectations of $66.31 million. Superior Uniform Group had a net margin of 6.63% and a return on equity of 14.74%. Equities research analysts forecast that Superior Uniform Group will post $1.17 earnings per share for the current year.
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In other news, insider Philip Koosed sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $21.56, for a total transaction of $377,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 34.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its holdings in shares of Superior Uniform Group by 8.3% during the second quarter. Neuberger Berman Group LLC now owns 414,389 shares of the textile maker’s stock valued at $9,262,000 after purchasing an additional 31,726 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Superior Uniform Group during the second quarter valued at approximately $342,000. Russell Investments Group Ltd. raised its holdings in shares of Superior Uniform Group by 11.7% during the second quarter. Russell Investments Group Ltd. now owns 460,092 shares of the textile maker’s stock valued at $10,282,000 after purchasing an additional 48,261 shares during the last quarter. State Street Corp raised its holdings in shares of Superior Uniform Group by 11.4% during the second quarter. State Street Corp now owns 113,255 shares of the textile maker’s stock valued at $2,531,000 after purchasing an additional 11,632 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Superior Uniform Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,084,709 shares of the textile maker’s stock valued at $24,243,000 after purchasing an additional 5,545 shares during the last quarter. 39.69% of the stock is owned by hedge funds and other institutional investors.
About Superior Uniform Group
Superior Uniform Group, Inc (Superior) manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Superior operates through two segments: Uniforms and Related Products, and Remote Staffing Solutions.
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