Sequential Brands Group, Inc. (NASDAQ:SQBG) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $8.20.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. 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. Roth Capital set a $4.00 price target on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and issued a $6.00 price target on shares of Sequential Brands Group in a research note on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in SQBG. Goldman Sachs Group Inc. lifted its stake in Sequential Brands Group by 1,114.2% in the second quarter. Goldman Sachs Group Inc. now owns 2,363,853 shares of the textile maker’s stock valued at $9,432,000 after buying an additional 2,169,169 shares in the last quarter. Financial & Investment Management Group Ltd. bought a new position in Sequential Brands Group in the second quarter valued at approximately $2,106,000. Citadel Advisors LLC lifted its stake in Sequential Brands Group by 1,946.0% in the first quarter. Citadel Advisors LLC now owns 247,735 shares of the textile maker’s stock valued at $964,000 after buying an additional 235,627 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Sequential Brands Group in the second quarter valued at approximately $407,000. Finally, Vanguard Group Inc. lifted its stake in Sequential Brands Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock valued at $6,489,000 after buying an additional 61,722 shares in the last quarter. 51.90% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Sequential Brands Group (SQBG) traded down 0.69% during midday trading on Friday, hitting $2.88. 41,693 shares of the company traded hands. Sequential Brands Group has a 12-month low of $2.55 and a 12-month high of $8.31. The stock’s 50-day moving average is $2.87 and its 200 day moving average is $3.29. The stock has a market capitalization of $181.11 million, a P/E ratio of 106.67 and a beta of 0.67.

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

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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