Sequential Brands Group Sets New 52-Week High at $14.75 (SQBG)
Sequential Brands Group (NASDAQ:SQBG) reached a new 52-week high on Monday , StockRatingsNetwork reports. The stock traded as high as $14.75 and last traded at $14.50, with a volume of 53,069 shares changing hands. The stock had previously closed at $14.29.
A number of analysts have recently weighed in on SQBG shares. Analysts at Roth Capital raised their price target on shares of Sequential Brands Group from $10.00 to $16.00 in a research note on Friday, June 27th. Separately, analysts at Piper Jaffray raised their price target on shares of Sequential Brands Group to $15.00 in a research note on Thursday, June 26th. Finally, 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, June 26th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Sequential Brands Group presently has an average rating of “Buy” and an average target price of $16.25.
The stock has a 50-day moving average of $11.60 and a 200-day moving average of $8.21. The company has a market cap of $353.1 million and a P/E ratio of 74.04.
Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. On average, analysts predict that Sequential Brands Group will post $0.25 earnings per share for the current fiscal year.
Sequential Brands Group, Inc owns a portfolio of consumer brands, including Ellen Tracy, William Rast, Revo, Caribbean Joe, Heelys, DVS, The Franklin Mint and People’s Liberation.
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