Superior Uniform Group, Inc. (NASDAQ:SGC) had its target price increased by stock analysts at Barrington Research from $22.00 to $26.00 in a report issued on Monday, July 31st, MarketBeat reports. The brokerage currently has an “outperform” rating on the textile maker’s stock. Barrington Research’s target price indicates a potential upside of 18.07% from the stock’s current price.
Separately, BidaskClub downgraded Superior Uniform Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Superior Uniform Group (NASDAQ SGC) opened at 22.02 on Monday. The company has a market cap of $325.28 million, a PE ratio of 19.33 and a beta of -0.03. The stock’s 50 day moving average price is $22.13 and its 200 day moving average price is $19.30. Superior Uniform Group has a 12-month low of $15.76 and a 12-month high of $23.33.
Superior Uniform Group (NASDAQ:SGC) last announced its quarterly 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. Superior Uniform Group had a return on equity of 14.74% and a net margin of 6.63%. The business had revenue of $65.60 million for the quarter, compared to analyst estimates of $66.31 million. Equities research analysts anticipate that Superior Uniform Group will post $1.17 EPS for the current year.
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In other news, insider Philip Koosed sold 15,000 shares of Superior Uniform Group stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $19.11, for a total value of $286,650.00. Following the completion of the transaction, the insider now directly owns 58,468 shares in the company, valued at $1,117,323.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 34.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in shares of Superior Uniform Group during the second quarter worth about $141,000. New York State Common Retirement Fund increased its position in shares of Superior Uniform Group by 50.0% in the second quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock worth $228,000 after buying an additional 3,399 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Superior Uniform Group by 7.0% in the second quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock worth $315,000 after buying an additional 920 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Superior Uniform Group during the second quarter worth about $342,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Superior Uniform Group by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 21,539 shares of the textile maker’s stock worth $481,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 38.69% of the company’s stock.
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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