Roth Capital downgraded shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) from a buy rating to a neutral rating in a research note released on Monday morning. Roth Capital currently has $2.00 price objective on the textile maker’s stock, down from their prior price objective of $3.25. <
Other research analysts have also issued reports about the stock. B. Riley reissued a buy rating and set a $7.00 price objective on shares of Sequential Brands Group in a report on Monday, November 6th. Canaccord Genuity set a $6.00 price objective on shares of Sequential Brands Group and gave the stock a buy rating in a report on Thursday, July 27th. ValuEngine raised shares of Sequential Brands Group from a hold rating to a buy rating in a report on Thursday, October 5th. Cowen and Company reissued a hold rating and set a $6.00 price objective on shares of Sequential Brands Group in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Sequential Brands Group from a hold rating to a sell rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Sequential Brands Group has a consensus rating of Hold and an average target price of $6.92.
Shares of Sequential Brands Group (SQBG) traded up $0.21 during mid-day trading on Monday, reaching $1.61. 1,981,000 shares of the company’s stock traded hands, compared to its average volume of 256,699. The firm has a market cap of $88.41, a price-to-earnings ratio of 7.37, a P/E/G ratio of 0.19 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.46 and a current ratio of 1.46. Sequential Brands Group has a 52 week low of $1.36 and a 52 week high of $6.15.
Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The company 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 2.24% and a negative net margin of 14.35%. Sequential Brands Group’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. equities research analysts predict that Sequential Brands Group will post 0.5 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 shares were bought at an average cost of $1.47 per share, for a total transaction of $91,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 27.30% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. OxFORD Asset Management LLP bought a new stake in Sequential Brands Group in the 3rd quarter valued at about $136,000. Eagle Asset Management Inc. lifted its position in 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 valued at $953,000 after purchasing an additional 92,433 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in Sequential Brands Group by 3.6% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 1,133,543 shares of the textile maker’s stock valued at $3,389,000 after purchasing an additional 39,470 shares during the last quarter. Emerald Advisers Inc. PA lifted its position in 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 valued at $4,075,000 after purchasing an additional 172,382 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Sequential Brands Group in the 3rd quarter valued at about $150,000. 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.
Receive News & Ratings for Sequential Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequential Brands Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.