Sequential Brands Group, Inc. (NASDAQ:SQBG) traded down 0% on Thursday following a dissappointing earnings announcement. The company traded as low as $1.44 and last traded at $1.45. 2,521,167 shares traded hands during mid-day trading, an increase of 1,349% from the average session volume of 174,025 shares. The stock had previously closed at $1.45.

The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a return on equity of 1.29% and a net margin of 0.99%. The company had revenue of $39.00 million for the quarter, compared to the consensus estimate of $43.66 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was down 7.1% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. Roth Capital set a $4.00 price objective on shares of Sequential Brands Group and gave the stock a “buy” rating in a research report on Friday, July 28th. Cowen and Company set a $6.00 price objective on shares of Sequential Brands Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. Canaccord Genuity set a $6.00 price objective on shares of Sequential Brands Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. ValuEngine downgraded shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.08.

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position 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 purchasing an additional 2,169,169 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its stake 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 valued at $7,486,000 after acquiring an additional 51,000 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Sequential Brands Group by 120.0% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 110,000 shares of the textile maker’s stock valued at $329,000 after acquiring an additional 60,000 shares during the last quarter. Wells Fargo & Company MN lifted 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 acquiring an additional 5,482 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in Sequential Brands Group in the third quarter valued at $150,000. 52.20% of the stock is owned by institutional investors and hedge funds.

The stock has a market capitalization of $92.14, a P/E ratio of 23.70, a P/E/G ratio of 0.31 and a beta of 0.48. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.11.

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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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