Sequential Brands Group, Inc. (NASDAQ:SQBG) Given Average Rating of “Buy” by Brokerages

Sequential Brands Group, Inc. (NASDAQ:SQBG) has been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.71.

A number of research firms recently weighed in on SQBG. ValuEngine lowered 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 price target on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Thursday, May 4th. Wunderlich increased their price target 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 lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Roth Capital set a $4.00 price target on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Friday, July 28th.

Institutional investors have recently made changes to their positions in the company. State Street Corp raised its position 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 worth $2,834,000 after buying an additional 28,007 shares during the period. 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 in 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 in the last quarter. Mycio Wealth Partners LLC bought 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 in the last quarter. Institutional investors and hedge funds own 54.95% of the company’s stock.

Shares of Sequential Brands Group (SQBG) traded down 3.18% on Monday, hitting $2.74. 432,815 shares of the stock were exchanged. The stock has a market cap of $172.41 million, a PE ratio of 101.48 and a beta of 0.64. The company’s 50 day moving average is $3.33 and its 200-day moving average is $3.61. Sequential Brands Group has a 52-week low of $2.63 and a 52-week high of $8.49.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $39.15 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts predict that Sequential Brands Group will post $0.52 EPS for the current fiscal year.

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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.