Sequential Brands Group, Inc. (NASDAQ:SQBG) CEO Karen Murray acquired 62,500 shares of the business’s stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $1.47 per share, for a total transaction of $91,875.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Sequential Brands Group, Inc. (NASDAQ:SQBG) traded down $0.05 on Monday, hitting $1.40. The stock had a trading volume of 878,600 shares, compared to its average volume of 331,358. Sequential Brands Group, Inc. has a fifty-two week low of $1.37 and a fifty-two week high of $6.15. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.11. The company has a market cap of $88.41, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.19 and a beta of 0.57.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Sequential Brands Group had a positive return on equity of 2.24% and a negative net margin of 14.35%. The firm had revenue of $39.00 million for the quarter, compared to the consensus estimate of $43.66 million. During the same period in the previous year, the company posted $0.12 EPS. Sequential Brands Group’s quarterly revenue was down 7.1% compared to the same quarter last year. equities analysts forecast that Sequential Brands Group, Inc. will post 0.5 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC bought a new stake in Sequential Brands Group during the second quarter valued at about $712,000. Voya Investment Management LLC boosted its position in Sequential Brands Group by 37.6% during the second 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 in the last quarter. Wells Fargo & Company MN boosted its position in Sequential Brands Group by 15.3% during the first 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 in the last quarter. OxFORD Asset Management LLP bought a new stake in Sequential Brands Group during the third quarter valued at about $136,000. Finally, Rhumbline Advisers boosted its position in Sequential Brands Group by 3.9% during the second 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 in the last quarter. 51.56% of the stock is currently owned by institutional investors.

SQBG has been the topic of several research analyst reports. Roth Capital set a $3.00 price objective on Sequential Brands Group and gave the company a “buy” rating in a research report on Monday, October 23rd. ValuEngine downgraded Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company set a $6.00 price target on Sequential Brands Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Canaccord Genuity set a $6.00 price target on Sequential Brands Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.92.

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.

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