Sequential Brands Group, Inc. (SQBG) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other analysts have also issued reports on SQBG. CL King lowered Sequential Brands Group from a buy rating to a neutral rating in a report on Wednesday, June 28th. FBR & Co restated an outperform rating and issued a $7.00 target price on shares of Sequential Brands Group in a report on Tuesday, July 11th. Zacks Investment Research lowered Sequential Brands Group from a buy rating to a hold rating in a report on Wednesday, July 12th. Canaccord Genuity set a $6.00 target price on Sequential Brands Group and gave the company a buy rating in a report on Thursday, July 27th. Finally, Cowen and Company set a $6.00 target price on Sequential Brands Group and gave the company a hold rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sequential Brands Group currently has an average rating of Buy and an average price target of $8.20.

Shares of Sequential Brands Group (SQBG) opened at 2.88 on Thursday. The stock has a 50 day moving average price of $2.87 and a 200-day moving average price of $3.29. Sequential Brands Group has a 12 month low of $2.55 and a 12 month high of $8.31. The stock has a market cap of $181.11 million, a P/E ratio of 106.67 and a beta of 0.67.

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

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Large investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its holdings in shares of Sequential Brands Group by 37.6% during the second quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock worth $102,000 after acquiring an additional 6,958 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 acquiring an additional 5,482 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Sequential Brands Group by 3.9% during the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after acquiring an additional 1,780 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Sequential Brands Group during the second quarter worth $200,000. Finally, Teachers Advisors LLC raised its holdings in shares of Sequential Brands Group by 11.5% during the second quarter. Teachers Advisors LLC now owns 77,412 shares of the textile maker’s stock worth $309,000 after acquiring an additional 7,958 shares in the last quarter. Institutional investors and hedge funds own 51.90% of the company’s stock.

Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns a portfolio of consume

A number of other analysts have also issued reports on SQBG. CL King lowered Sequential Brands Group from a buy rating to a neutral rating in a report on Wednesday, June 28th. FBR & Co restated an outperform rating and issued a $7.00 target price on shares of Sequential Brands Group in a report on Tuesday, July 11th. Zacks Investment Research lowered Sequential Brands Group from a buy rating to a hold rating in a report on Wednesday, July 12th. Canaccord Genuity set a $6.00 target price on Sequential Brands Group and gave the company a buy rating in a report on Thursday, July 27th. Finally, Cowen and Company set a $6.00 target price on Sequential Brands Group and gave the company a hold rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sequential Brands Group currently has an average rating of Buy and an average price target of $8.20.

Shares of Sequential Brands Group (SQBG) opened at 2.88 on Thursday. The stock has a 50 day moving average price of $2.87 and a 200-day moving average price of $3.29. Sequential Brands Group has a 12 month low of $2.55 and a 12 month high of $8.31. The stock has a market cap of $181.11 million, a P/E ratio of 106.67 and a beta of 0.67.

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

ILLEGAL ACTIVITY WARNING: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/09/sequential-brands-group-inc-sqbg-raised-to-buy-at-valuengine.html.

Large investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its holdings in shares of Sequential Brands Group by 37.6% during the second quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock worth $102,000 after acquiring an additional 6,958 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 acquiring an additional 5,482 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Sequential Brands Group by 3.9% during the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after acquiring an additional 1,780 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Sequential Brands Group during the second quarter worth $200,000. Finally, Teachers Advisors LLC raised its holdings in shares of Sequential Brands Group by 11.5% during the second quarter. Teachers Advisors LLC now owns 77,412 shares of the textile maker’s stock worth $309,000 after acquiring an additional 7,958 shares in the last quarter. Institutional investors and hedge funds own 51.90% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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