Superior Uniform Group, Inc. (NASDAQ:SGC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.

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) “

Several other brokerages have also recently issued reports on SGC. Barrington Research lifted their price objective on 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 Superior Uniform Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th.

Superior Uniform Group (NASDAQ SGC) opened at 22.69 on Friday. Superior Uniform Group has a 1-year low of $15.79 and a 1-year high of $23.33. The firm has a market capitalization of $335.18 million, a P/E ratio of 19.92 and a beta of -0.01. The company has a 50-day moving average price of $22.08 and a 200 day moving average price of $20.13.

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 consensus estimate of $0.26 by $0.03. The firm had revenue of $65.60 million during the quarter, compared to analysts’ expectations of $66.31 million. Superior Uniform Group had a return on equity of 14.74% and a net margin of 6.63%. Analysts expect that Superior Uniform Group will post $1.17 earnings per share for the current fiscal year.

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In other news, insider Philip Koosed sold 17,500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $21.56, for a total value of $377,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 34.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Superior Uniform Group by 0.5% in 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. Russell Investments Group Ltd. increased its stake in Superior Uniform Group by 11.7% in 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. Neuberger Berman Group LLC increased its stake in Superior Uniform Group by 8.3% in 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. Vanguard Group Inc. increased its stake in Superior Uniform Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 310,136 shares of the textile maker’s stock valued at $6,932,000 after purchasing an additional 5,825 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Superior Uniform Group by 10.1% in the second quarter. Northern Trust Corp now owns 120,766 shares of the textile maker’s stock valued at $2,699,000 after purchasing an additional 11,124 shares during the last quarter. 39.69% of the stock is owned by 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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