Favorable Media Coverage Very Likely to Affect Sequential Brands Group (SQBG) Share Price
Media stories about Sequential Brands Group (NASDAQ:SQBG) have trended positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sequential Brands Group earned a news sentiment score of 0.35 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Sequential Brands expands exclusive Martha Stewart line of office products at Staples (eprretailnews.com)
- Sequential Brands Group, Inc. (SQBG) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Sequential Brands Goup and Staples expand Martha Stewart partnership (seekingalpha.com)
- Sequential Brands Group, Inc. (NASDAQ:SQBG) Now Covered by FBR & Co (americanbankingnews.com)
SQBG has been the topic of a number of research analyst reports. Canaccord Genuity set a $6.00 price target on Sequential Brands Group and gave the company a “buy” rating in a report on Wednesday, March 22nd. Zacks Investment Research cut Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. FBR & Co reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Sequential Brands Group in a research report on Tuesday, July 11th. Finally, CL King cut Sequential Brands Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Sequential Brands Group has an average rating of “Buy” and an average price target of $9.50.
Shares of Sequential Brands Group (NASDAQ SQBG) opened at 3.04 on Monday. The firm’s market cap is $190.86 million. Sequential Brands Group has a 52 week low of $2.81 and a 52 week high of $8.49. The company’s 50-day moving average price is $3.53 and its 200 day moving average price is $3.94.
Sequential Brands Group (NASDAQ:SQBG) last released its earnings results on Thursday, May 4th. The textile maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. The business had revenue of $39.40 million for the quarter, compared to analyst estimates of $37.08 million. Sequential Brands Group had a negative net margin of 0.57% and a negative return on equity of 0.17%. Sequential Brands Group’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, equities analysts anticipate that Sequential Brands Group will post $0.52 earnings per share for the current year.
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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.
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