Roth Capital Reiterates “$4.00” Price Target for Sequential Brands Group, Inc. (NASDAQ:SQBG)

Roth Capital set a $4.00 target price on Sequential Brands Group, Inc. (NASDAQ:SQBG) in a research note published on Friday. The brokerage currently has a buy rating on the textile maker’s stock.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Sequential Brands Group from a buy rating to a hold rating in a research note on Friday, June 2nd. Canaccord Genuity set a $6.00 target price on shares of Sequential Brands Group and gave the company a buy rating in a research note on Thursday, May 4th. Wunderlich boosted their target price on shares of Sequential Brands Group from $9.00 to $18.00 and gave the company a buy rating in a research note on Monday, May 15th. Zacks Investment Research downgraded shares of Sequential Brands Group from a buy rating to a hold rating in a research note on Tuesday, June 6th. Finally, CL King downgraded shares of Sequential Brands Group from a buy rating to a neutral rating in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sequential Brands Group has a consensus rating of Buy and a consensus target price of $9.06.

Shares of Sequential Brands Group (SQBG) traded down 7.88% during midday trading on Friday, hitting $3.04. 296,453 shares of the company were exchanged. The stock has a market capitalization of $191.85 million, a price-to-earnings ratio of 112.59 and a beta of 0.67. The company has a 50-day moving average price of $3.51 and a 200-day moving average price of $3.72. Sequential Brands Group has a 52-week low of $2.81 and a 52-week high of $8.49.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Thursday, July 27th. The textile maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. The firm had revenue of $42.10 million during the quarter, compared to the consensus estimate of $39.15 million. During the same quarter in the previous year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, analysts forecast that Sequential Brands Group will post $0.52 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mycio Wealth Partners LLC bought a new position in Sequential Brands Group during the first quarter worth approximately $100,000. Brandes Investment Partners LP bought a new position in Sequential Brands Group during the first quarter worth approximately $124,000. Wells Fargo & Company MN increased its position in Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after buying an additional 5,482 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Sequential Brands Group during the second quarter worth approximately $200,000. Finally, Teachers Advisors LLC increased its position in Sequential Brands Group by 16.3% in the fourth quarter. Teachers Advisors LLC now owns 69,454 shares of the textile maker’s stock worth $325,000 after buying an additional 9,754 shares in the last quarter. 54.55% of the stock is owned by institutional investors.

Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.