Sequential Brands Group, Inc. (NASDAQ:SQBG) Director William Sweedler bought 86,036 shares of the stock in a transaction on Friday, November 17th. The shares were acquired at an average cost of $1.68 per share, with a total value of $144,540.48. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Sequential Brands Group, Inc. (SQBG) opened at $1.78 on Tuesday. The firm has a market cap of $107.67, a price-to-earnings ratio of 8.63, a P/E/G ratio of 0.23 and a beta of 0.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.46 and a quick ratio of 1.46. Sequential Brands Group, Inc. has a one year low of $1.36 and a one year high of $6.00.
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 Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $39.00 million during 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%. Sequential Brands Group’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. analysts predict that Sequential Brands Group, Inc. will post 0.48 earnings per share for the current year.
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SQBG has been the subject of a number of analyst reports. Canaccord Genuity set a $6.00 target price on shares of Sequential Brands Group and gave the stock a “buy” rating in a report on Thursday, July 27th. B. Riley reaffirmed a “buy” rating and set a $7.00 target price on shares of Sequential Brands Group in a report on Monday, November 6th. Roth Capital set a $4.00 price target on shares of Sequential Brands Group and gave the company a “buy” rating in a report on Friday, July 28th. ValuEngine raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, Cowen and Company reissued a “hold” rating and issued a $6.00 price target on shares of Sequential Brands Group in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Sequential Brands Group has an average rating of “Hold” and an average target price of $6.92.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC acquired a new position in Sequential Brands Group in the 2nd quarter worth $712,000. Voya Investment Management LLC boosted its stake in Sequential Brands Group by 37.6% in the 2nd quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock worth $102,000 after purchasing an additional 6,958 shares during the period. Wells Fargo & Company MN boosted its stake in Sequential Brands Group by 15.3% in the 1st 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. OxFORD Asset Management LLP acquired a new position in Sequential Brands Group in the 3rd quarter worth $136,000. Finally, Rhumbline Advisers boosted its stake in Sequential Brands Group by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after purchasing an additional 1,780 shares during the period. 51.03% of the stock is owned by hedge funds and other institutional investors.
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.
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