Sequential Brands Group Inc (NASDAQ:SQBG) major shareholder Tcp Wr Acquisition Llc bought 194,464 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $1.64 per share, for a total transaction of $318,920.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Sequential Brands Group Inc (SQBG) traded down $0.01 on Monday, hitting $1.78. The stock had a trading volume of 348,093 shares, compared to its average volume of 276,224. The company has a market cap of $113.04, a price-to-earnings ratio of 9.42, a PEG ratio of 0.25 and a beta of 0.41. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.16. Sequential Brands Group Inc has a 1-year low of $1.36 and a 1-year high of $5.50.
Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $39.00 million for the quarter, compared to the consensus estimate of $43.66 million. Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. equities research analysts expect that Sequential Brands Group Inc will post 0.48 EPS for the current fiscal year.
Several analysts recently commented on SQBG shares. Zacks Investment Research cut Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Roth Capital set a $3.00 price target on Sequential Brands Group and gave the company a “buy” rating in a research note on Monday, October 23rd. ValuEngine lowered Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen reaffirmed a “hold” rating and set a $6.00 price target on shares of Sequential Brands Group in a research note on Thursday, September 28th. Finally, Canaccord Genuity lowered Sequential Brands Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $6.00 to $1.50 in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.92.
Institutional investors have recently modified their holdings of the company. Voya Investment Management LLC boosted 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 worth $102,000 after buying an additional 6,958 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Sequential Brands Group in the third quarter worth $136,000. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Sequential Brands Group in the third quarter worth $150,000. Wells Fargo & Company MN boosted 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 worth $161,000 after buying an additional 5,482 shares during the period. Finally, Rhumbline Advisers boosted 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 worth $191,000 after buying an additional 1,780 shares during the period. 50.33% of the stock is owned by institutional investors and hedge funds.
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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.
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