Sequential Brands Group (SQBG) Stock Rating Lowered by Roth Capital

Sequential Brands Group (NASDAQ:SQBG) was downgraded by equities researchers at Roth Capital from a “buy” rating to a “neutral” rating in a research report issued on Monday, November 13th, Marketbeat.com reports. They currently have a $2.00 target price on the textile maker’s stock, down from their prior target price of $3.25. Roth Capital’s price objective indicates a potential upside of 11.73% from the company’s previous close. <

Several other research analysts have also recently weighed in 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 report on Thursday, July 27th. Cowen set a $6.00 target price on shares of Sequential Brands Group and gave the company a “hold” rating in a report on Thursday, July 27th. ValuEngine cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, B. Riley reiterated a “buy” rating and set a $7.00 price objective on shares of Sequential Brands Group in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.92.

Sequential Brands Group (NASDAQ SQBG) opened at $1.79 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16. Sequential Brands Group has a 52 week low of $1.36 and a 52 week high of $5.50. The stock has a market cap of $111.78, a P/E ratio of 9.32, a PEG ratio of 0.24 and a beta of 0.47.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The company had revenue of $39.00 million for the quarter, compared to analysts’ expectations of $43.66 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. research analysts forecast that Sequential Brands Group will post 0.48 EPS for the current year.

In related news, CEO Karen Murray purchased 62,500 shares of Sequential Brands Group stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $1.47 per share, with a total value of $91,875.00. Following the purchase, the chief executive officer now directly owns 188,115 shares of the company’s stock, valued at approximately $276,529.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aaron P. Hollander purchased 20,000 shares of Sequential Brands Group stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $1.72 per share, for a total transaction of $34,400.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 473,200 shares of company stock worth $765,636. Insiders own 27.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OxFORD Asset Management LLP purchased a new position in Sequential Brands Group during the 3rd quarter valued at about $136,000. Eagle Asset Management Inc. increased its position in Sequential Brands Group by 41.0% during 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 period. Emerald Mutual Fund Advisers Trust increased its position in Sequential Brands Group by 3.6% during 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 period. Emerald Advisers Inc. PA increased its position in Sequential Brands Group by 14.5% during 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 period. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in Sequential Brands Group during the 3rd quarter valued at about $150,000. 50.29% of the stock is currently owned by institutional investors and hedge funds.

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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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