Sequential Brands Group Inc. (NASDAQ:SQBG) Director Leonard Stewart, Jr. acquired 10,000 shares of the stock in a transaction on Tuesday, November 8th. The shares were bought at an average cost of $4.60 per share, for a total transaction of $46,000.00. Following the purchase, the director now directly owns 87,343 shares of the company’s stock, valued at approximately $401,777.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Sequential Brands Group Inc. (NASDAQ:SQBG) opened at 5.65 on Tuesday. The company has a 50 day moving average price of $7.09 and a 200 day moving average price of $7.41. The stock’s market cap is $351.54 million. Sequential Brands Group Inc. has a 12-month low of $4.10 and a 12-month high of $10.32.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Sequential Brands Group had a positive return on equity of 4.60% and a negative net margin of 3.93%. The firm earned $42 million during the quarter, compared to the consensus estimate of $39.92 million. During the same period last year, the business posted $0.12 EPS. Sequential Brands Group’s quarterly revenue was up 82.6% on a year-over-year basis. Analysts anticipate that Sequential Brands Group Inc. will post $0.37 earnings per share for the current fiscal year.

SQBG has been the topic of a number of recent research reports. Zacks Investment Research raised Sequential Brands Group from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research note on Tuesday, October 4th. Brean Capital restated a “buy” rating and issued a $15.00 target price on shares of Sequential Brands Group in a research report on Wednesday, September 28th. Canaccord Genuity set a $18.00 target price on Sequential Brands Group and gave the company a “buy” rating in a research report on Wednesday, September 28th. Finally, Piper Jaffray Cos. restated a “buy” rating and issued a $12.00 target price on shares of Sequential Brands Group in a research report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $13.25.

A number of large investors have recently made changes to their positions in SQBG. BlackRock Group LTD boosted its stake in shares of Sequential Brands Group by 1.6% in the first quarter. BlackRock Group LTD now owns 345,298 shares of the company’s stock worth $2,207,000 after buying an additional 5,527 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sequential Brands Group by 18.2% in the first quarter. JPMorgan Chase & Co. now owns 761,082 shares of the company’s stock worth $4,863,000 after buying an additional 116,986 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Sequential Brands Group during the first quarter worth approximately $384,000. Eagle Asset Management Inc. boosted its stake in shares of Sequential Brands Group by 17.7% in the second quarter. Eagle Asset Management Inc. now owns 1,324,991 shares of the company’s stock worth $10,573,000 after buying an additional 199,656 shares during the period. Finally, Falcon Point Capital LLC boosted its stake in shares of Sequential Brands Group by 12.5% in the second quarter. Falcon Point Capital LLC now owns 154,625 shares of the company’s stock worth $1,234,000 after buying an additional 17,183 shares during the period. Hedge funds and other institutional investors own 59.22% of the company’s stock.

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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