Superior Uniform Group (SGC) Lifted to Buy at BidaskClub

Superior Uniform Group (NASDAQ:SGC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Zacks Investment Research cut shares of Superior Uniform Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd.

Shares of Superior Uniform Group (NASDAQ SGC) opened at $25.51 on Friday. Superior Uniform Group has a 1-year low of $16.65 and a 1-year high of $28.85. The company has a quick ratio of 1.99, a current ratio of 4.00 and a debt-to-equity ratio of 0.26. The company has a market cap of $380.33, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.47 and a beta of -0.03.

Superior Uniform Group (NASDAQ:SGC) last announced its earnings results on Thursday, October 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Superior Uniform Group had a net margin of 6.79% and a return on equity of 14.70%. The company had revenue of $67.77 million for the quarter, compared to analysts’ expectations of $68.06 million. analysts expect that Superior Uniform Group will post 1.17 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TIAA CREF Investment Management LLC boosted its stake in 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 worth $481,000 after purchasing an additional 316 shares during the last quarter. Teachers Advisors LLC boosted its stake in Superior Uniform Group by 7.0% during the 2nd quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock worth $315,000 after purchasing an additional 920 shares during the last quarter. New York State Common Retirement Fund boosted its stake in 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 worth $228,000 after purchasing an additional 3,399 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in Superior Uniform Group by 1.1% during the 3rd quarter. Wasatch Advisors Inc. now owns 481,805 shares of the textile maker’s stock worth $11,033,000 after purchasing an additional 5,405 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Superior Uniform Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,084,709 shares of the textile maker’s stock worth $24,243,000 after purchasing an additional 5,545 shares during the last quarter. 37.97% of the stock is currently owned by institutional investors.

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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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