Superior Uniform Group, Inc. (SGC) Rating Lowered to Hold at Zacks Investment Research
Superior Uniform Group, Inc. (NASDAQ:SGC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
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 equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Superior Uniform Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Barrington Research upped their price objective on shares of Superior Uniform Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st.
Shares of Superior Uniform Group (NASDAQ:SGC) opened at 23.63 on Tuesday. The company has a 50-day moving average of $22.48 and a 200 day moving average of $20.67. Superior Uniform Group has a 52 week low of $15.79 and a 52 week high of $23.97. The firm has a market capitalization of $349.06 million, a P/E ratio of 20.75 and a beta of -0.01.
Superior Uniform Group (NASDAQ:SGC) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. Superior Uniform Group had a net margin of 6.63% and a return on equity of 14.74%. The business had revenue of $65.60 million during the quarter, compared to the consensus estimate of $66.31 million. Equities research analysts anticipate that Superior Uniform Group will post $1.17 earnings per share for the current year.
In other Superior Uniform Group news, insider Philip Koosed sold 17,500 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $21.56, for a total value of $377,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 34.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in SGC. Bessemer Group Inc. bought a new position in shares of Superior Uniform Group during the 2nd quarter valued at approximately $141,000. New York State Common Retirement Fund grew its position in shares of Superior Uniform Group by 50.0% during the 2nd quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock valued at $228,000 after acquiring an additional 3,399 shares during the period. Teachers Advisors LLC grew its position in shares of Superior Uniform Group by 7.0% during the 2nd quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock valued at $315,000 after acquiring an additional 920 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Superior Uniform Group during the 2nd quarter valued at approximately $342,000. Finally, TIAA CREF Investment Management LLC grew its position in shares of Superior Uniform Group by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 21,539 shares of the textile maker’s stock valued at $481,000 after acquiring an additional 316 shares during the period. 39.69% of the stock is owned by hedge funds and other institutional investors.
Superior Uniform Group Company Profile
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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