Sequential Brands Group, Inc. (NASDAQ:SQBG) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other brokerages have also recently weighed in on SQBG. Zacks Investment Research raised Sequential Brands Group from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Tuesday, May 16th. Wunderlich lifted their price objective on Sequential Brands Group from $9.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 5th. 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, May 4th. Finally, CL King cut Sequential Brands Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.92.

Shares of Sequential Brands Group (NASDAQ:SQBG) traded down 0.56% during trading on Thursday, reaching $3.55. The company’s stock had a trading volume of 133,230 shares. Sequential Brands Group has a 1-year low of $2.81 and a 1-year high of $8.49. The company’s market capitalization is $222.88 million. The stock has a 50 day moving average of $3.53 and a 200-day moving average of $3.94.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, May 4th. The textile maker reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Sequential Brands Group had a negative return on equity of 0.17% and a negative net margin of 0.57%. The business had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $37.08 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect that Sequential Brands Group will post $0.52 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP bought a new position in Sequential Brands Group during the first quarter valued at approximately $124,000. Parametric Portfolio Associates LLC boosted its position in Sequential Brands Group by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock valued at $803,000 after buying an additional 2,767 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sequential Brands Group by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 176,239 shares of the textile maker’s stock valued at $685,000 after buying an additional 10,007 shares during the last quarter. Boston Partners boosted its position in Sequential Brands Group by 12.9% in the first quarter. Boston Partners now owns 1,311,170 shares of the textile maker’s stock valued at $5,100,000 after buying an additional 149,780 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its position in Sequential Brands Group by 24.6% in the first quarter. Prescott Group Capital Management L.L.C. now owns 1,825,134 shares of the textile maker’s stock valued at $7,100,000 after buying an additional 360,459 shares during the last quarter. 53.71% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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