Sequential Brands Group Inc (SQBG) Receives Average Recommendation of “Hold” from Analysts

Shares of Sequential Brands Group Inc (NASDAQ:SQBG) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.92.

Several equities analysts have recently issued reports on SQBG shares. B. Riley reiterated a “buy” rating and set a $7.00 price objective on shares of Sequential Brands Group in a research report on Monday, November 6th. Roth Capital set a $3.00 price objective on Sequential Brands Group and gave the stock a “buy” rating in a research report on Monday, October 23rd. Canaccord Genuity downgraded Sequential Brands Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $6.00 to $1.50 in a research report on Friday, November 10th. ValuEngine downgraded Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded Sequential Brands Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.

In other news, CEO Karen Murray bought 62,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $1.47 per share, with a total value of $91,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 188,115 shares in the company, valued at $276,529.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Matthew Eby bought 91,200 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $145,920.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 473,200 shares of company stock worth $765,636. 27.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in 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 in the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in Sequential Brands Group by 57.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 2,831,035 shares of the textile maker’s stock worth $5,039,000 after purchasing an additional 1,028,739 shares in 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 in 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 in the last quarter. Finally, 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 in the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

Sequential Brands Group (NASDAQ:SQBG) opened at $1.58 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $97.89, a P/E ratio of -4.16, a PEG ratio of 0.19 and a beta of -0.06. Sequential Brands Group has a 52-week low of $1.36 and a 52-week high of $4.25.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The business had revenue of $39.00 million for the quarter, compared to analyst estimates of $43.66 million. Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. research analysts anticipate that Sequential Brands Group will post 0.45 EPS for the current year.

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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.

Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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