Zacks: Superior Uniform Group, Inc. (SGC) Given Average Rating of “Strong Buy” by Brokerages

Shares of Superior Uniform Group, Inc. (NASDAQ:SGC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus target price of $26.00 for the company and are expecting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also given Superior Uniform Group an industry rank of 223 out of 265 based on the ratings given to related companies.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Superior Uniform Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. BidaskClub raised shares of Superior Uniform Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.

Several hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its stake in shares of Superior Uniform Group by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 21,539 shares of the textile maker’s stock worth $481,000 after purchasing an additional 316 shares during the period. Teachers Advisors LLC boosted its stake in shares of Superior Uniform Group by 7.0% during the 2nd quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock worth $315,000 after purchasing an additional 920 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Superior Uniform Group by 50.0% during the 2nd quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock worth $228,000 after purchasing an additional 3,399 shares during the period. Wasatch Advisors Inc. boosted its stake in shares of Superior Uniform Group by 1.1% during the 3rd quarter. Wasatch Advisors Inc. now owns 481,805 shares of the textile maker’s stock worth $11,033,000 after purchasing an additional 5,405 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $24,243,000 after purchasing an additional 5,545 shares during the period. 37.97% of the stock is owned by hedge funds and other institutional investors.

Superior Uniform Group (NASDAQ:SGC) opened at $24.78 on Thursday. Superior Uniform Group has a 52 week low of $16.65 and a 52 week high of $26.08. The company has a market cap of $369.93, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.58 and a beta of -0.03. The company has a quick ratio of 1.99, a current ratio of 4.00 and a debt-to-equity ratio of 0.26.

Superior Uniform Group (NASDAQ:SGC) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $0.33 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 business had revenue of $67.77 million during the quarter, compared to analysts’ expectations of $68.06 million. sell-side analysts anticipate that Superior Uniform Group will post 1.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.53%. Superior Uniform Group’s dividend payout ratio is presently 32.20%.

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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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