Canaccord Genuity set a $6.00 price objective on Sequential Brands Group, Inc. (NASDAQ:SQBG) in a research report report published on Thursday morning. The firm currently has a buy rating on the textile maker’s stock.

Several other research firms also recently commented on SQBG. ValuEngine raised shares of Sequential Brands Group from a hold rating to a buy rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Sequential Brands Group from a hold rating to a buy rating and set a $4.00 target price for the company in a research report on Tuesday, May 16th. Wunderlich boosted their target price on shares of Sequential Brands Group from $9.00 to $18.00 and gave the stock a buy rating in a research report on Friday, May 5th. FBR & Co reissued an outperform rating and issued a $7.00 target price on shares of Sequential Brands Group in a research report on Tuesday, July 11th. Finally, CL King downgraded shares of Sequential Brands Group from a buy rating to a neutral rating in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sequential Brands Group has a consensus rating of Buy and a consensus price target of $9.06.

Sequential Brands Group (NASDAQ SQBG) traded down 0.66% during trading on Thursday, hitting $3.02. 5,792 shares of the company traded hands. The firm has a 50 day moving average of $3.51 and a 200 day moving average of $3.72. Sequential Brands Group has a one year low of $2.81 and a one year high of $8.49. The firm has a market cap of $190.03 million, a P/E ratio of 111.85 and a beta of 0.67.

Sequential Brands Group (NASDAQ:SQBG) last posted its earnings results on Thursday, July 27th. The textile maker reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The company 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 company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, analysts expect that Sequential Brands Group will post $0.52 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Sequential Brands Group, Inc. (SQBG) Given a $6.00 Price Target by Canaccord Genuity Analysts” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/sequential-brands-group-inc-sqbg-given-a-6-00-price-target-by-canaccord-genuity-analysts/1463694.html.

Several hedge funds have recently bought and sold shares of SQBG. Parametric Portfolio Associates LLC increased its stake in 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 in the last quarter. Wells Fargo & Company MN increased its stake in Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock valued at $161,000 after buying an additional 5,482 shares in the last quarter. Teachers Advisors LLC increased its stake in 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 in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Sequential Brands Group by 0.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,656,200 shares of the textile maker’s stock valued at $6,443,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 in the last quarter. 54.79% of the stock is owned by institutional investors and hedge funds.

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 Analyst Ratings Network's FREE daily email newsletter.