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Sequential Brands Group Inc

15 November 2017

Shares of Sequential Brands Group (SQBG) traded up $0.21 during mid-day trading on Monday, reaching $1.61. The Company's brands include William Rast (R) and People's Liberation (R).

A number of other brokerages have also commented on SQBG. ValuEngine raised shares of Sequential Brands Group from a hold rating to a buy rating in a report on Thursday, October 5th.

In terms of Buy, Sell or Hold recommendations, Sequential Brands Cmn (NASDAQ:SQBG) has analysts' mean recommendation of 2.2. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.11.

Media coverage about Sequential Brands Group (NASDAQ:SQBG) has trended somewhat negative on Tuesday, Accern Sentiment reports. The business had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. Previously Sequential Brands Cmn (NASDAQ:SQBG) reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $-0.02 with surprise factor of -15.4%. That transaction by 683 took place on June 30, 2017, the same day Goldman Sachs Group Inc purchased an additional 2.17 million shares in SQBG to bring its total stake to 2.36 million.

Sequential Brands Cm now has a P/E ratio of N/A and the market cap of the company is 96.24M.

Some buy side analysts are also providing their Analysis on Sequential Brands Group, Inc., where 0 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 4 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

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Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings results on Thursday, November 9th. The company's revenue for the quarter was up 82.6% compared to the same quarter past year. On September 28 Cowen and Company made no change to the company rating of "Hold" with a current price target of $6.00. Cowen and Company released guidance on SQBG with a rating of "Hold" and a price target of $6.00. For the current year the company's revenue estimates are $173.86 Million compared to low analyst estimates of $172.63 Million and high estimates of $175.8 Million according to the prediction of 4 analysts. BlackRock Group LTD boosted its stake in Sequential Brands Group by 52.8% in the second quarter.

WARNING: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. As of the end of the quarter Citigroup Inc had bought a total of 23 shares growing its stake by 22.1%. If you are accessing this article on another domain, it was copied illegally and republished in violation of global copyright & trademark laws. NJ State Employees Deferred Compensation Plan purchased a new position in Sequential Brands Group during the 3rd quarter worth approximately $150,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Financial & Investment Management Group Ltd. bought a new stake in shares of Sequential Brands Group in the 2nd quarter worth $2,106,000. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.98%. Voya Investment Management LLC grew its position in Sequential Brands Group by 37.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust lifted its position in Sequential Brands Group by 3.6% in the 3rd quarter.

Sequential Brands Cmn (NASDAQ:SQBG) shares traded 15% up during most recent session to reach at the closing price of $1.61. Its book value per share for the most recent quarter is $7.43 while its price to book ratio for the same period is 0.22, as for as the company's cash per share for the most recent quarter is $0.3, however its price to cash per share ratio for the same period is 5.34.

Institutional investors now hold around $45 million or 66.3% in SQBG stock.

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company's brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

Sequential Brands Group Inc