Superior Uniform Group Inc (SGC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Superior Uniform Group Inc (NASDAQ:SGC) by 17.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 162,136 shares of the textile maker’s stock after selling 33,480 shares during the period. Wells Fargo & Company MN’s holdings in Superior Uniform Group were worth $3,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in Superior Uniform Group by 70.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 21,727 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 9,000 shares during the period. Wasatch Advisors Inc. increased its position 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 valued at $11,033,000 after purchasing an additional 5,405 shares during the period. Northern Trust Corp increased its position in Superior Uniform Group by 10.1% during the 2nd quarter. Northern Trust Corp now owns 120,766 shares of the textile maker’s stock valued at $2,699,000 after purchasing an additional 11,124 shares during the period. Dimensional Fund Advisors LP increased its position 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 valued at $24,243,000 after purchasing an additional 5,545 shares during the period. Finally, Neuberger Berman Group LLC increased its position in Superior Uniform Group by 8.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 414,389 shares of the textile maker’s stock valued at $9,262,000 after purchasing an additional 31,726 shares during the period. Institutional investors own 37.97% of the company’s stock.

Superior Uniform Group Inc (NASDAQ:SGC) opened at $24.96 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.00 and a quick ratio of 1.99. Superior Uniform Group Inc has a 12-month low of $16.65 and a 12-month high of $28.85. The stock has a market cap of $358.70, a P/E ratio of 20.80, a PEG ratio of 1.38 and a beta of -0.01.

Superior Uniform Group (NASDAQ:SGC) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $67.77 million for the quarter, compared to the consensus estimate of $68.06 million. research analysts forecast that Superior Uniform Group Inc will post 1.17 earnings per share for the current year.

A number of research analysts have recently issued reports on SGC shares. Zacks Investment Research raised shares of Superior Uniform Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 19th. BidaskClub downgraded shares of Superior Uniform Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

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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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Institutional Ownership by Quarter for Superior Uniform Group (NASDAQ:SGC)

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