Roth Capital Increases Sequential Brands Group Price Target to $16.00 (SQBG)
Equities researchers at Roth Capital lifted their target price on shares of Sequential Brands Group (NASDAQ:SQBG) from $10.00 to $16.00 in a research report issued on Friday. Roth Capital’s price objective points to a potential upside of 23.93% from the stock’s previous close.
Sequential Brands Group (NASDAQ:SQBG) traded down 6.04% during mid-day trading on Friday, hitting $12.91. The stock had a trading volume of 2,151,450 shares. Sequential Brands Group has a 52-week low of $5.00 and a 52-week high of $14.48. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $7.63. The company has a market cap of $315.3 million and a price-to-earnings ratio of 71.19.
Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.01. On average, analysts predict that Sequential Brands Group will post $0.24 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray raised their price target on shares of Sequential Brands Group to $15.00 in a research note on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of Sequential Brands Group from $11.00 to $19.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Sequential Brands Group from $10.00 to $15.00 in a research note on Wednesday. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.25.
Sequential Brands Group, Inc, formerly People’s Liberation, Inc is a designer, marketer and wholesale provider of branded apparels and apparel accessories.
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