Zacks: Superior Uniform Group Inc (SGC) Receives Average Rating of “Strong Buy” from Analysts

Shares of Superior Uniform Group Inc (NASDAQ:SGC) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price objective of $26.00 for the company and are anticipating that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also given Superior Uniform Group an industry rank of 29 out of 265 based on the ratings given to its competitors.

Several brokerages have recently commented on SGC. BidaskClub cut Superior Uniform Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research cut Superior Uniform Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Superior Uniform Group during the fourth quarter worth $150,000. New York State Common Retirement Fund raised its holdings in shares of Superior Uniform Group by 50.0% during the second quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock worth $228,000 after acquiring an additional 3,399 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Superior Uniform Group by 7.0% during the second quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock worth $315,000 after acquiring an additional 920 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Superior Uniform Group by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 21,539 shares of the textile maker’s stock worth $481,000 after acquiring an additional 316 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Superior Uniform Group by 70.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 21,727 shares of the textile maker’s stock worth $486,000 after acquiring an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 37.86% of the company’s stock.

Shares of Superior Uniform Group (NASDAQ SGC) traded down $0.21 during trading on Friday, hitting $24.35. The stock had a trading volume of 32,213 shares, compared to its average volume of 18,193. The firm has a market capitalization of $365.03, a PE ratio of 20.64, a PEG ratio of 1.41 and a beta of -0.03. The company has a current ratio of 4.00, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Superior Uniform Group has a 1-year low of $16.65 and a 1-year high of $28.85.

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

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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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