Sequential Brands Group, Inc. (SQBG) Director Acquires $15,400.00 in Stock

Sequential Brands Group, Inc. (NASDAQ:SQBG) Director Gary A. Johnson acquired 10,000 shares of Sequential Brands Group stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $1.54 per share, with a total value of $15,400.00. Following the completion of the purchase, the director now owns 182,559 shares in the company, valued at approximately $281,140.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Sequential Brands Group, Inc. (NASDAQ SQBG) traded down $0.06 on Friday, hitting $1.64. The company’s stock had a trading volume of 687,800 shares, compared to its average volume of 265,830. Sequential Brands Group, Inc. has a twelve month low of $1.36 and a twelve month high of $6.15. The firm has a market cap of $107.36, a P/E ratio of 8.95, a PEG ratio of 0.23 and a beta of 0.57. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16.

Sequential Brands Group (NASDAQ:SQBG) last issued its earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The company had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. During the same period last year, the business earned $0.12 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. equities analysts expect that Sequential Brands Group, Inc. will post 0.48 EPS for the current year.

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SQBG has been the subject of several recent research reports. Zacks Investment Research downgraded Sequential Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Cowen and Company set a $6.00 price objective on Sequential Brands Group and gave the company a “hold” rating in a research note on Thursday, July 27th. Roth Capital set a $3.00 price objective on Sequential Brands Group and gave the company a “buy” rating in a research note on Monday, October 23rd. ValuEngine downgraded Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Canaccord Genuity set a $6.00 price objective on Sequential Brands Group and gave the company a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.92.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Sequential Brands Group by 37.6% during the 2nd quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock worth $102,000 after purchasing an additional 6,958 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of Sequential Brands Group during the 3rd quarter worth $136,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Sequential Brands Group during the 3rd quarter worth $150,000. Wells Fargo & Company MN grew its holdings in shares of Sequential Brands Group by 15.3% during the 1st quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after purchasing an additional 5,482 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Sequential Brands Group by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after purchasing an additional 1,780 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

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.

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