Sequential Brands Group (NASDAQ:SQBG) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, February 28th. Analysts expect Sequential Brands Group to post earnings of $0.16 per share for the quarter.
Sequential Brands Group (NASDAQ:SQBG) opened at $1.87 on Wednesday. The stock has a market cap of $109.25, a P/E ratio of -4.92, a P/E/G ratio of 0.21 and a beta of -0.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.46 and a quick ratio of 1.46. Sequential Brands Group has a one year low of $1.36 and a one year high of $4.21.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. B. Riley reissued a “buy” rating and issued a $7.00 price objective on shares of Sequential Brands Group in a research note on Monday, November 6th. ValuEngine cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Canaccord Genuity cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $6.00 to $1.50 in a research note on Friday, November 10th. Finally, Roth Capital cut shares of Sequential Brands Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $3.25 to $2.00 in a research note on Monday, November 13th. < Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sequential Brands Group currently has an average rating of "Hold" and an average price target of $6.92.
A hedge fund recently raised its stake in Sequential Brands Group stock. State Street Corp grew its stake in shares of Sequential Brands Group Inc (NASDAQ:SQBG) by 6.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 649,955 shares of the textile maker’s stock after buying an additional 36,507 shares during the quarter. State Street Corp owned approximately 1.03% of Sequential Brands Group worth $2,592,000 as of its most recent SEC filing. Institutional investors own 47.82% of the company’s stock.
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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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