Sequential Brands Group, Inc. (NASDAQ:SQBG) PT Set at $6.00 by Cowen and Company

Sequential Brands Group, Inc. (NASDAQ:SQBG) has been given a $6.00 price target by analysts at Cowen and Company in a report issued on Thursday, July 27th. The firm presently has a “hold” rating on the textile maker’s stock. Cowen and Company’s price objective would indicate a potential upside of 97.37% from the company’s previous close.

A number of other research analysts also recently commented on SQBG. Canaccord Genuity set a $6.00 price objective on shares of Sequential Brands Group and gave the company a “buy” rating in a research report on Thursday, May 4th. Wunderlich lifted their price objective on shares of Sequential Brands Group from $9.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research upgraded shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. ValuEngine lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, CL King lowered shares of Sequential Brands Group from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.06.

Sequential Brands Group (NASDAQ SQBG) traded down 2.25% during trading on Thursday, hitting $3.04. 206,440 shares of the stock traded hands. The company has a market capitalization of $191.29 million, a P/E ratio of 112.59 and a beta of 0.64. The company’s 50 day moving average is $3.48 and its 200 day moving average is $3.67. Sequential Brands Group has a one year low of $2.81 and a one year high of $8.49.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $42.10 million for the quarter, compared to analyst estimates of $39.15 million. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. On average, equities 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. Mycio Wealth Partners LLC acquired a new position in Sequential Brands Group during the first quarter valued at approximately $100,000. Brandes Investment Partners LP purchased a new position in shares of Sequential Brands Group during the first quarter valued at about $124,000. Wells Fargo & Company MN boosted its position in shares of Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock valued at $161,000 after buying an additional 5,482 shares in the last quarter. Rhumbline Advisers boosted its stake in Sequential Brands Group by 3.9% in the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock valued at $191,000 after buying an additional 1,780 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Sequential Brands Group during the second quarter valued at $200,000. 54.95% of the stock is currently owned by institutional investors and hedge funds.

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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