Sequential Brands Group’s (NASDAQ:SQBG) Buy Rating Reiterated at B. Riley

Sequential Brands Group, Inc. (NASDAQ:SQBG)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued on Monday, November 6th. They presently have a $7.00 price target on the textile maker’s stock. B. Riley’s target price points to a potential upside of 306.98% from the stock’s previous close. B. Riley also issued estimates for Sequential Brands Group’s Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.19 EPS, FY2017 earnings at $0.53 EPS and FY2018 earnings at $0.70 EPS.

Several other research analysts also recently commented on the company. FBR & Co reiterated an “outperform” rating and set a $7.00 target price on shares of Sequential Brands Group in a research note on Tuesday, July 11th. Roth Capital set a $4.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a research note on Friday, July 28th. Cowen Inc set a $6.00 target price on Sequential Brands Group and gave the stock a “hold” rating in a research note on Thursday, July 27th. Canaccord Genuity set a $6.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. 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 stock. The company currently has an average rating of “Hold” and an average price target of $6.92.

Sequential Brands Group (SQBG) traded down $0.03 during midday trading on Monday, hitting $1.72. The stock had a trading volume of 117,361 shares, compared to its average volume of 644,776. The firm has a market capitalization of $110.52, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.24 and a beta of 0.57. The company has a debt-to-equity ratio of 1.16, 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 $5.82.

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

In other news, Director Aaron P. Hollander acquired 20,000 shares of Sequential Brands Group stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $1.72 per share, for a total transaction of $34,400.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Karen Murray acquired 62,500 shares of Sequential Brands Group stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $1.47 per share, for a total transaction of $91,875.00. Following the transaction, the chief executive officer now directly owns 188,115 shares in the company, valued at $276,529.05. The disclosure for this purchase can be found here. Insiders acquired a total of 473,200 shares of company stock valued at $765,636 over the last ninety days. Insiders own 27.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC bought a new stake in shares of Sequential Brands Group in the 2nd quarter valued at about $712,000. Rhumbline Advisers lifted its stake in shares of Sequential Brands Group by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock valued at $191,000 after purchasing an additional 1,780 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Sequential Brands Group by 1.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock valued at $803,000 after purchasing an additional 2,767 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Sequential Brands Group by 15.3% in the 1st quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 5,482 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Sequential Brands Group by 37.6% in the 2nd quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 6,958 shares during the period. Hedge funds and other institutional investors own 51.03% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/sequential-brands-groups-sqbg-buy-rating-reaffirmed-at-b-riley/1762257.html.

Sequential Brands Group Company 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.

Analyst Recommendations 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

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.