Sequential Brands Group, Inc. (NASDAQ:SQBG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Sequential Brands Group, Inc. (NASDAQ:SQBG) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,564,777 shares of the textile maker’s stock after purchasing an additional 16,649 shares during the quarter. Vanguard Group Inc. owned approximately 2.51% of Sequential Brands Group worth $6,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Boston Partners lifted its position in shares of Sequential Brands Group by 12.9% in the first quarter. Boston Partners now owns 1,311,170 shares of the textile maker’s stock valued at $5,100,000 after buying an additional 149,780 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Sequential Brands Group by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock valued at $803,000 after buying an additional 2,767 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $685,000 after buying an additional 10,007 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Sequential Brands Group by 16.3% in the fourth quarter. Teachers Advisors LLC now owns 69,454 shares of the textile maker’s stock valued at $325,000 after buying an additional 9,754 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Sequential Brands Group by 15.3% during 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 last quarter. Hedge funds and other institutional investors own 51.90% of the company’s stock.

Several analysts recently weighed in on the company. CL King cut Sequential Brands Group from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Zacks Investment Research cut Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Friday, June 30th. ValuEngine raised Sequential Brands Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. FBR & Co restated an “outperform” rating and set a $7.00 price objective on shares of Sequential Brands Group in a research note on Tuesday, July 11th. Finally, Roth Capital set a $4.00 price objective on Sequential Brands Group and gave the stock a “buy” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $9.06.

Sequential Brands Group, Inc. (NASDAQ:SQBG) opened at 2.85 on Friday. The stock has a 50 day moving average price of $2.88 and a 200 day moving average price of $3.35. Sequential Brands Group, Inc. has a 52 week low of $2.55 and a 52 week high of $8.49. The company has a market cap of $179.22 million, a price-to-earnings ratio of 105.56 and a beta of 0.63.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $42.10 million during the quarter, compared to the consensus estimate of $39.15 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities analysts forecast that Sequential Brands Group, Inc. will post $0.52 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by BBNS and is the sole property of of BBNS. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/sequential-brands-group-inc-sqbg-shares-bought-by-vanguard-group-inc/1603778.html.

Sequential Brands Group 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.

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

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 our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.