Roth Capital set a $4.00 price target on Sequential Brands Group, Inc. (NASDAQ:SQBG) in a research report report published on Friday. The firm currently has a buy rating on the textile maker’s stock.

SQBG has been the subject of several other research reports. Zacks Investment Research downgraded shares of Sequential Brands Group from a buy rating to a hold rating in a research note on Tuesday, June 6th. CL King downgraded shares of Sequential Brands Group from a buy rating to a neutral rating in a research note on Wednesday, June 28th. Cowen and Company set a $6.00 price target on shares of Sequential Brands Group and gave the company a hold rating in a research note on Thursday, July 27th. Wunderlich raised their price target on shares of Sequential Brands Group from $9.00 to $18.00 and gave the company a buy rating in a research note on Monday, May 15th. Finally, Canaccord Genuity set a $6.00 price target on shares of Sequential Brands Group and gave the company a buy rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $9.06.

Sequential Brands Group (SQBG) opened at 3.21 on Friday. Sequential Brands Group has a 52-week low of $2.81 and a 52-week high of $8.49. The company has a market cap of $201.99 million, a PE ratio of 118.89 and a beta of 0.67. The company has a 50-day moving average of $3.49 and a 200 day moving average of $3.69.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The business had revenue of $42.10 million during the quarter, compared to the consensus estimate of $39.15 million. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. Equities research analysts predict that Sequential Brands Group will post $0.52 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prescott Group Capital Management L.L.C. raised its position in Sequential Brands Group by 2.8% in the second quarter. Prescott Group Capital Management L.L.C. now owns 1,876,134 shares of the textile maker’s stock worth $7,486,000 after buying an additional 51,000 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Sequential Brands Group by 3.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,706,200 shares of the textile maker’s stock worth $6,808,000 after buying an additional 50,000 shares during the last quarter. Vanguard Group Inc. raised its position in Sequential Brands Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,564,777 shares of the textile maker’s stock worth $6,088,000 after buying an additional 16,649 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Sequential Brands Group by 52.4% in the first quarter. Tocqueville Asset Management L.P. now owns 1,487,407 shares of the textile maker’s stock worth $5,786,000 after buying an additional 511,135 shares during the last quarter. Finally, Boston Partners raised its position in Sequential Brands Group by 12.9% in the first quarter. Boston Partners now owns 1,311,170 shares of the textile maker’s stock worth $5,100,000 after buying an additional 149,780 shares during the last quarter. 54.79% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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