Superior Uniform Group (NASDAQ:SGC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, May 10th.
According to Zacks, “Superior Uniform Group manufactures and sells a wide range of uniforms, corporate I.D., career apparel and accessories for the hospital and healthcare fields; hotels; fast food and other restaurants; and public safety, industrial, transportation and commercial markets, as well as corporate and resort embroidered sportswear. (Press Release) “
Other research analysts also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and set a $29.00 price objective (up from $26.00) on shares of Superior Uniform Group in a research report on Tuesday, February 27th. BidaskClub cut shares of Superior Uniform Group from a “buy” rating to a “hold” rating in a research note on Friday, January 26th.
Shares of Superior Uniform Group traded up $0.27, hitting $22.95, during mid-day trading on Thursday, according to Marketbeat.com. 301 shares of the company were exchanged, compared to its average volume of 17,834. Superior Uniform Group has a 1-year low of $23.21 and a 1-year high of $23.50. The company has a quick ratio of 3.30, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $339.37 million, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.42 and a beta of -0.18.
Superior Uniform Group (NASDAQ:SGC) last posted its quarterly earnings data on Wednesday, May 2nd. The textile maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.10). The company had revenue of $73.09 million for the quarter, compared to analysts’ expectations of $72.63 million. Superior Uniform Group had a return on equity of 13.93% and a net margin of 4.90%. sell-side analysts expect that Superior Uniform Group will post 1.17 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. bought a new position in shares of Superior Uniform Group during the 1st quarter valued at about $1,759,000. EAM Investors LLC bought a new position in shares of Superior Uniform Group during the 4th quarter valued at about $695,000. Grove Bank & Trust bought a new position in shares of Superior Uniform Group during the 1st quarter valued at about $473,000. Millennium Management LLC boosted its position in shares of Superior Uniform Group by 157.4% during the 1st quarter. Millennium Management LLC now owns 27,008 shares of the textile maker’s stock valued at $710,000 after purchasing an additional 16,517 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Superior Uniform Group by 83.1% during the 4th quarter. Deutsche Bank AG now owns 24,573 shares of the textile maker’s stock valued at $655,000 after purchasing an additional 11,154 shares in the last quarter. Institutional investors and hedge funds own 35.77% of the company’s stock.
Superior Uniform Group Company Profile
Superior Uniform Group, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.
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