Sequential Brands Group, Inc. (NASDAQ:SQBG) Director Gary A. Johnson bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $1.54 per share, with a total value of $15,400.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Sequential Brands Group, Inc. (NASDAQ SQBG) traded up $0.21 during mid-day trading on Tuesday, hitting $1.61. 1,981,000 shares of the stock traded hands, compared to its average volume of 256,699. The stock has a market capitalization of $88.41, a P/E ratio of 7.37, a P/E/G ratio of 0.19 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.46 and a current ratio of 1.46. Sequential Brands Group, Inc. has a 52 week low of $1.36 and a 52 week high of $6.15.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Thursday, November 9th. The textile maker reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The firm had revenue of $39.00 million during the quarter, compared to analysts’ expectations of $43.66 million. Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.24%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. equities research analysts predict that Sequential Brands Group, Inc. will post 0.5 earnings per share for the current year.

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A number of large investors have recently modified their holdings of SQBG. Wells Fargo & Company MN boosted its position in Sequential Brands Group by 15.3% during the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after purchasing an additional 5,482 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Sequential Brands Group by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 176,239 shares of the textile maker’s stock worth $685,000 after acquiring an additional 10,007 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Sequential Brands Group by 1.4% during the first quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock worth $803,000 after acquiring an additional 2,767 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 16,649 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Sequential Brands Group by 1,188.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,684 shares of the textile maker’s stock worth $757,000 after purchasing an additional 179,575 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

A number of brokerages have recently commented on SQBG. Zacks Investment Research downgraded shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Roth Capital set a $3.00 target price on shares of Sequential Brands Group and gave the stock a “buy” rating in a report on Monday, October 23rd. Canaccord Genuity cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $6.00 to $1.50 in a research note on Friday. Cowen and Company set a $6.00 price objective on shares of Sequential Brands Group and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.92.

About Sequential Brands Group

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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