Superior Group of Companies Inc (NASDAQ:SGC) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 33,600 shares, a drop of 20.6% from the September 30th total of 42,300 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 19,600 shares, the short-interest ratio is currently 1.7 days.

In other Superior Group of Companies news, CEO Michael Benstock bought 5,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $12.93 per share, for a total transaction of $64,650.00. Following the completion of the purchase, the chief executive officer now directly owns 612,495 shares of the company’s stock, valued at $7,919,560.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 31.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Yorktown Management & Research Co Inc bought a new stake in shares of Superior Group of Companies during the third quarter valued at approximately $211,000. Connors Investor Services Inc. raised its holdings in shares of Superior Group of Companies by 9.8% during the third quarter. Connors Investor Services Inc. now owns 13,447 shares of the textile maker’s stock valued at $217,000 after buying an additional 1,200 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Superior Group of Companies by 5.9% during the second quarter. HighTower Advisors LLC now owns 14,451 shares of the textile maker’s stock valued at $248,000 after buying an additional 800 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Superior Group of Companies during the third quarter valued at approximately $238,000. Finally, Rhumbline Advisers raised its holdings in shares of Superior Group of Companies by 6.8% during the third quarter. Rhumbline Advisers now owns 15,157 shares of the textile maker’s stock valued at $244,000 after buying an additional 968 shares during the last quarter. 36.88% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:SGC traded up $0.32 during mid-day trading on Thursday, reaching $15.01. The stock had a trading volume of 7,200 shares, compared to its average volume of 18,704. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.19 and a quick ratio of 2.15. The stock’s 50 day simple moving average is $15.47 and its two-hundred day simple moving average is $16.01. Superior Group of Companies has a 1-year low of $12.79 and a 1-year high of $19.39. The company has a market capitalization of $223.96 million, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.45 and a beta of 0.01.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Wednesday, October 23rd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Superior Group of Companies had a net margin of 3.76% and a return on equity of 8.91%. The firm had revenue of $89.47 million for the quarter, compared to analysts’ expectations of $96.66 million. Sell-side analysts anticipate that Superior Group of Companies will post 0.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.66%. Superior Group of Companies’s dividend payout ratio is currently 33.90%.

A number of equities analysts recently commented on the company. ValuEngine upgraded Superior Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Superior Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub downgraded Superior Group of Companies from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Barrington Research reiterated a “buy” rating and issued a $22.00 price target on shares of Superior Group of Companies in a research note on Thursday, August 1st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $150.00 price target on shares of Superior Group of Companies in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $86.00.

Superior Group of Companies Company Profile

Superior Group of Companies, 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 personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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