Sequential Brands Group, Inc. (NASDAQ:SQBG) has earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.71.

Several analysts have issued reports on the stock. CL King downgraded shares of Sequential Brands Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. ValuEngine upgraded Sequential Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Wunderlich increased their target price 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. Finally, Canaccord Genuity set a $6.00 target price on Sequential Brands Group and gave the company a “buy” rating in a research note on Thursday, May 4th.

Shares of Sequential Brands Group (NASDAQ SQBG) remained flat at $2.64 during midday trading on Friday. 275,867 shares of the stock traded hands. Sequential Brands Group has a 52 week low of $2.59 and a 52 week high of $8.49. The firm has a market capitalization of $166.02 million, a price-to-earnings ratio of 97.78 and a beta of 0.64. The stock has a 50 day moving average price of $3.14 and a 200-day moving average price of $3.54.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. The company had revenue of $42.10 million during the quarter, compared to the consensus estimate of $39.15 million. During the same quarter last year, the company earned $0.06 earnings per share. Sequential Brands Group’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, equities analysts expect that Sequential Brands Group will post $0.52 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC acquired a new position in Sequential Brands Group during the second quarter valued at approximately $712,000. Rhumbline Advisers boosted its position in shares of Sequential Brands Group by 3.9% in the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock valued at $191,000 after buying an additional 1,780 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of 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 period. Wells Fargo & Company MN boosted its position in shares of Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock valued at $161,000 after buying an additional 5,482 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Sequential Brands Group by 37.6% in the second quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock valued at $102,000 after buying an additional 6,958 shares during the period. Institutional investors own 54.19% 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.

Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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