Sequential Brands Group Inc. (NASDAQ:SQBG) was up 6.6% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as $5.31 and last traded at $5.66, with a volume of 446,340 shares traded. The stock had previously closed at $5.31.

Specifically, Director Al Gossett bought 100,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was acquired at an average price of $4.46 per share, for a total transaction of $446,000.00. Following the acquisition, the director now owns 409,669 shares of the company’s stock, valued at $1,827,123.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leonard Stewart, Jr. bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were purchased at an average price of $4.60 per share, with a total value of $46,000.00. Following the acquisition, the director now directly owns 87,343 shares in the company, valued at approximately $401,777.80. The disclosure for this purchase can be found here. Insiders own 27.30% of the company’s stock.

A number of analysts have recently issued reports on SQBG shares. Zacks Investment Research upgraded Sequential Brands Group from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Thursday, July 28th. Piper Jaffray Cos. reiterated a “buy” rating and set a $12.00 target price on shares of Sequential Brands Group in a report on Thursday, July 28th. Canaccord Genuity set a $18.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Brean Capital reiterated a “buy” rating and set a $15.00 target price on shares of Sequential Brands Group in a report on Friday, July 29th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $13.25.

The firm has a 50-day moving average price of $7.09 and a 200-day moving average price of $7.41. The company’s market capitalization is $351.54 million.

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

Large investors have recently made changes to their positions in the company. DIAM Co. Ltd. increased its stake in shares of Sequential Brands Group by 15.8% in the second quarter. DIAM Co. Ltd. now owns 62,200 shares of the company’s stock valued at $496,000 after buying an additional 8,500 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Sequential Brands Group during the second quarter valued at about $4,834,000. Swiss National Bank increased its stake in shares of Sequential Brands Group by 39.2% in the second quarter. Swiss National Bank now owns 89,800 shares of the company’s stock valued at $717,000 after buying an additional 25,300 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Sequential Brands Group by 2.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,379,200 shares of the company’s stock valued at $11,006,000 after buying an additional 35,000 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Sequential Brands Group by 8.4% in the second quarter. California State Teachers Retirement System now owns 82,309 shares of the company’s stock valued at $657,000 after buying an additional 6,355 shares in the last quarter. 59.22% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:SQBG

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