Tcp Wr Acquisition Llc Purchases 194,464 Shares of Sequential Brands Group, Inc. (SQBG) Stock

Sequential Brands Group, Inc. (NASDAQ:SQBG) major shareholder Tcp Wr Acquisition Llc bought 194,464 shares of Sequential Brands Group stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of $1.64 per share, with a total value of $318,920.96. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sequential Brands Group, Inc. (NASDAQ:SQBG) traded down $0.06 during mid-day trading on Friday, hitting $1.64. The stock had a trading volume of 687,800 shares, compared to its average volume of 265,830. The stock has a market cap of $107.36, a P/E ratio of 8.95, a P/E/G ratio of 0.23 and a beta of 0.57. Sequential Brands Group, Inc. has a 52-week low of $1.36 and a 52-week high of $6.15. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.16.



Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ 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 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 last year, the business earned $0.12 earnings per share. sell-side analysts expect that Sequential Brands Group, Inc. will post 0.48 earnings per share for the current year.

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A number of analysts have commented on the company. Roth Capital set a $4.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a report on Friday, July 28th. Cowen and Company set a $6.00 target price on Sequential Brands Group and gave the stock a “hold” rating in a report on Thursday, July 27th. Canaccord Genuity set a $6.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a report on Thursday, July 27th. ValuEngine lowered Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Sequential Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.92.

Several hedge funds have recently added to or reduced their stakes in SQBG. Goldman Sachs Group Inc. boosted its stake in shares of Sequential Brands Group by 1,114.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,363,853 shares of the textile maker’s stock worth $9,432,000 after buying an additional 2,169,169 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Sequential Brands Group by 14.5% in the 3rd quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock worth $4,075,000 after buying an additional 172,382 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Sequential Brands Group in the 2nd quarter worth $407,000. Eagle Asset Management Inc. boosted its stake in shares of Sequential Brands Group by 41.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker’s stock worth $953,000 after buying an additional 92,433 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Sequential Brands Group by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock worth $6,489,000 after buying an additional 61,722 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

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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