Sequential Brands Group, Inc. (NASDAQ:SQBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Sequential Brands Group Inc. is a licensing and brand management company focused on promoting, marketing and licensing a portfolio of consumer brands. The Company’s brands include William Rast(R) and People’s Liberation(R). It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage. Sequential Brands Group Inc., formerly known as People’s Liberation, Inc., is headquartered in Pacific Palisades, California. “

A number of other research firms also recently weighed in on SQBG. ValuEngine upgraded Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Wunderlich increased their price objective on Sequential Brands Group from $9.00 to $18.00 and gave the company a “buy” rating in a report 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 report on Thursday, May 4th. FBR & Co restated an “outperform” rating and issued a $7.00 price objective on shares of Sequential Brands Group in a report on Tuesday. Finally, CL King downgraded Sequential Brands Group from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.50.

Sequential Brands Group (NASDAQ SQBG) traded down 2.19% during midday trading on Wednesday, hitting $3.13. The stock had a trading volume of 92,992 shares. The company has a 50-day moving average of $3.53 and a 200-day moving average of $3.94. The stock’s market cap is $196.51 million. Sequential Brands Group has a 1-year low of $2.81 and a 1-year high of $8.49.

Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings results on Thursday, May 4th. The textile maker reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $39.40 million during the quarter, compared to the consensus estimate of $37.08 million. Sequential Brands Group had a negative net margin of 0.57% and a negative return on equity of 0.17%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Equities research analysts forecast that Sequential Brands Group will post $0.52 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of SQBG. Prescott Group Capital Management L.L.C. increased its stake in shares of 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 worth $7,100,000 after buying an additional 360,459 shares during the last quarter. 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 worth $6,443,000 after buying an additional 10,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Sequential Brands Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,564,777 shares of the textile maker’s stock worth $6,088,000 after buying an additional 16,649 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Sequential Brands Group by 52.4% in the first quarter. Tocqueville Asset Management L.P. now owns 1,487,407 shares of the textile maker’s stock worth $5,786,000 after buying an additional 511,135 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Sequential Brands Group by 12.9% in the first quarter. Boston Partners now owns 1,311,170 shares of the textile maker’s stock worth $5,100,000 after buying an additional 149,780 shares during the last quarter. Institutional investors and hedge funds own 53.71% 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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Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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