Superior Uniform Group, Inc. (SGC) PT Raised to $26.00 at Barrington Research

Superior Uniform Group, Inc. (NASDAQ:SGC) had its target price boosted by analysts at Barrington Research from $22.00 to $26.00 in a research note issued on Monday, July 31st, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Barrington Research’s price objective suggests a potential upside of 16.33% from the company’s previous close.

Separately, BidaskClub downgraded Superior Uniform Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Shares of Superior Uniform Group (SGC) opened at 22.35 on Monday. Superior Uniform Group has a 12-month low of $15.79 and a 12-month high of $23.33. The company’s 50-day moving average is $22.07 and its 200-day moving average is $19.48. The company has a market capitalization of $330.15 million, a price-to-earnings ratio of 19.62 and a beta of -0.03.

Superior Uniform Group (NASDAQ:SGC) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $65.60 million during the quarter, compared to the consensus estimate of $66.31 million. Superior Uniform Group had a return on equity of 14.74% and a net margin of 6.63%. Analysts predict that Superior Uniform Group will post $1.17 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in Superior Uniform Group during the second quarter valued at $141,000. New York State Common Retirement Fund increased its stake in 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 valued at $228,000 after buying an additional 3,399 shares during the period. Teachers Advisors LLC increased its stake in Superior Uniform Group by 7.0% in the second quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock valued at $315,000 after buying an additional 920 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Superior Uniform Group during the second quarter valued at $342,000. Finally, TIAA CREF Investment Management LLC increased its stake in 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 valued at $481,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 39.04% of the company’s stock.

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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