Sequential Brands Group Inc (SQBG) Given Consensus Rating of “Hold” by Brokerages

Shares of Sequential Brands Group Inc (NASDAQ:SQBG) have received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.92.

SQBG has been the subject of several recent analyst reports. B. Riley reissued a “buy” rating and issued a $7.00 price target on shares of Sequential Brands Group in a report on Monday, November 6th. ValuEngine raised Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Cowen reissued a “hold” rating and issued a $6.00 price target on shares of Sequential Brands Group in a report on Thursday, September 28th. Canaccord Genuity cut Sequential Brands Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $6.00 to $1.50 in a report on Friday, November 10th. Finally, Roth Capital cut Sequential Brands Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $3.25 to $2.00 in a report on Monday, November 13th. <

Sequential Brands Group (SQBG) opened at $1.83 on Tuesday. Sequential Brands Group has a 12 month low of $1.36 and a 12 month high of $4.99. The firm has a market capitalization of $115.57, a P/E ratio of -4.82, a price-to-earnings-growth ratio of 0.22 and a beta of 0.42. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The company had revenue of $39.00 million during the quarter, compared to analysts’ expectations of $43.66 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. equities research analysts predict that Sequential Brands Group will post 0.45 earnings per share for the current fiscal year.

In other Sequential Brands Group news, CEO Karen Murray purchased 62,500 shares of Sequential Brands Group stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $1.47 per share, with a total value of $91,875.00. Following the acquisition, the chief executive officer now directly owns 188,115 shares of the company’s stock, valued at $276,529.05. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Sweedler acquired 86,036 shares of Sequential Brands Group stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $1.68 per share, with a total value of $144,540.48. The disclosure for this purchase can be found here. Insiders bought a total of 473,200 shares of company stock valued at $765,636 over the last three months. Insiders own 27.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. 683 Capital Management LLC raised its holdings in Sequential Brands Group by 2.1% during the third quarter. 683 Capital Management LLC now owns 3,078,179 shares of the textile maker’s stock worth $9,204,000 after purchasing an additional 63,179 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Sequential Brands Group by 1,114.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,363,853 shares of the textile maker’s stock worth $9,432,000 after purchasing an additional 2,169,169 shares during the last quarter. Vanguard Group Inc. raised its holdings in Sequential Brands Group by 3.9% during the second quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock worth $6,489,000 after purchasing an additional 61,722 shares during the last quarter. Emerald Advisers Inc. PA raised its holdings in Sequential Brands Group by 14.5% during the third quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock worth $4,075,000 after purchasing an additional 172,382 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Sequential Brands Group by 3.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,133,543 shares of the textile maker’s stock worth $3,389,000 after purchasing an additional 39,470 shares during the last quarter. 50.31% of the stock is owned by hedge funds and other institutional investors.

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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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