Sequential Brands Group, Inc. (NASDAQ:SQBG) has received a consensus rating of “Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.71.
SQBG has been the subject of a number of research reports. Zacks Investment Research lowered Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company set a $6.00 price target on Sequential Brands Group and gave the company a “hold” rating in a research note on Thursday, July 27th. ValuEngine raised Sequential Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. FBR & Co reissued an “outperform” rating and set a $7.00 price target on shares of Sequential Brands Group in a research note on Tuesday, July 11th. Finally, CL King lowered Sequential Brands Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th.
Several large investors have recently modified their holdings of SQBG. State Street Corp increased its stake in shares of Sequential Brands Group by 4.8% in the fourth quarter. State Street Corp now owns 605,865 shares of the textile maker’s stock valued at $2,834,000 after buying an additional 28,007 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sequential Brands Group by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 398,702 shares of the textile maker’s stock valued at $1,866,000 after buying an additional 73,851 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Sequential Brands Group by 16.3% in the fourth quarter. Teachers Advisors LLC now owns 69,454 shares of the textile maker’s stock valued at $325,000 after buying an additional 9,754 shares during the last quarter. Mycio Wealth Partners LLC acquired a new stake in shares of Sequential Brands Group during the first quarter valued at $100,000. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Sequential Brands Group by 0.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,656,200 shares of the textile maker’s stock valued at $6,443,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 54.79% of the company’s stock.
Sequential Brands Group (NASDAQ SQBG) traded down 1.90% during trading on Monday, hitting $3.09. 156,683 shares of the company traded hands. Sequential Brands Group has a 12-month low of $2.81 and a 12-month high of $8.49. The firm has a market capitalization of $195.00 million, a P/E ratio of 103.00 and a beta of 0.64. The stock has a 50-day moving average price of $3.48 and a 200-day moving average price of $3.67.
Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $42.10 million during the quarter, compared to analyst estimates of $39.15 million. Sequential Brands Group had a return on equity of 1.29% and a net margin of 0.99%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Equities analysts expect that Sequential Brands Group will post $0.52 EPS for the current fiscal year.
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About Sequential Brands Group
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.
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