Sequential Brands Group, Inc. (SQBG) Position Maintained by Swiss National Bank

Swiss National Bank held its position in Sequential Brands Group, Inc. (NASDAQ:SQBG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,800 shares of the textile maker’s stock at the end of the first quarter. Swiss National Bank owned 0.14% of Sequential Brands Group worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SQBG. Mycio Wealth Partners LLC purchased a new position in Sequential Brands Group during the first quarter worth about $100,000. Wells Fargo & Company MN boosted its position in 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 worth $161,000 after buying an additional 5,482 shares during the period. Teachers Advisors LLC boosted its position in Sequential Brands Group by 16.3% in the fourth quarter. Teachers Advisors LLC now owns 69,454 shares of the textile maker’s stock worth $325,000 after buying an additional 9,754 shares during the period. Bank of New York Mellon Corp boosted its position in Sequential Brands Group by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 176,239 shares of the textile maker’s stock worth $685,000 after buying an additional 10,007 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sequential Brands Group by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 398,702 shares of the textile maker’s stock valued at $1,866,000 after buying an additional 73,851 shares during the last quarter. 54.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sequential Brands Group, Inc. (SQBG) traded up 0.74% on Wednesday, reaching $2.73. 161,628 shares of the company were exchanged. The firm has a 50 day moving average price of $3.24 and a 200-day moving average price of $3.56. The stock has a market capitalization of $171.68 million, a PE ratio of 101.11 and a beta of 0.64. Sequential Brands Group, Inc. has a 12-month low of $2.63 and a 12-month high of $8.49.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. The business had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $39.15 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s revenue was up 23.3% compared to the same quarter last year. On average, analysts predict that Sequential Brands Group, Inc. will post $0.52 EPS for the current fiscal year.

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SQBG has been the subject of several recent analyst reports. Canaccord Genuity set a $6.00 target price on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Thursday, July 27th. Roth Capital set a $4.00 target price on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. CL King downgraded shares of Sequential Brands Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Finally, ValuEngine upgraded shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $9.06.

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.

Institutional Ownership by Quarter for Sequential Brands Group (NASDAQ:SQBG)

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