Sequential Brands Group, Inc. (NASDAQ:SQBG) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities analysts have also recently weighed in on the company. Cowen and Company reissued a “hold” rating and issued a $6.00 price target on shares of Sequential Brands Group in a report on Thursday, September 28th. Roth Capital set a $4.00 price target on Sequential Brands Group and gave the stock a “buy” rating in a report on Friday, July 28th. Canaccord Genuity set a $6.00 price target on Sequential Brands Group and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research cut Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, FBR & Co reissued an “outperform” rating and issued a $7.00 price target on shares of Sequential Brands Group in a report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $8.20.

Shares of Sequential Brands Group (NASDAQ SQBG) opened at 2.85 on Thursday. The stock has a market capitalization of $179.22 million, a PE ratio of 105.56 and a beta of 0.67. The firm has a 50-day moving average price of $2.86 and a 200 day moving average price of $3.30. Sequential Brands Group has a one year low of $2.55 and a one year high of $8.31.

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

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Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new stake in shares of Sequential Brands Group in the second quarter valued at $712,000. Voya Investment Management LLC grew its position in shares of Sequential Brands Group by 37.6% in 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 during the period. Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 5,482 shares during the period. Rhumbline Advisers grew its position in shares of Sequential Brands Group by 3.9% in 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 during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Sequential Brands Group in the second quarter valued at $200,000. 51.90% 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)

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