Zacks: Analysts Set $26.00 Price Target for Superior Uniform Group Inc (SGC)

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

Brokerages have set a 12 month consensus price target of $26.00 for the company and are expecting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superior Uniform Group an industry rank of 36 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of Superior Uniform Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th.

Superior Uniform Group (SGC) traded up $0.83 during trading on Wednesday, reaching $27.31. 17,776 shares of the company were exchanged, compared to its average volume of 19,006. The stock has a market capitalization of $405.15, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 1.73 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 52 week low of $16.65 and a 52 week high of $28.85.

Superior Uniform Group (NASDAQ:SGC) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $68.06 million. sell-side analysts anticipate that Superior Uniform Group will post 1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, November 14th. Superior Uniform Group’s dividend payout ratio is currently 32.20%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in Superior Uniform Group by 8.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 414,389 shares of the textile maker’s stock worth $9,262,000 after buying an additional 31,726 shares during the period. State Street Corp increased its stake in Superior Uniform Group by 11.4% in the 2nd quarter. State Street Corp now owns 113,255 shares of the textile maker’s stock worth $2,531,000 after buying an additional 11,632 shares during the period. Northern Trust Corp increased its stake in Superior Uniform Group by 10.1% in the 2nd quarter. Northern Trust Corp now owns 120,766 shares of the textile maker’s stock worth $2,699,000 after buying an additional 11,124 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Superior Uniform Group by 70.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,727 shares of the textile maker’s stock worth $486,000 after buying an additional 9,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in Superior Uniform Group by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 310,136 shares of the textile maker’s stock worth $6,932,000 after buying an additional 5,825 shares during the period. 37.97% of the stock is currently owned by institutional investors and hedge funds.

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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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