Zacks Investment Research upgraded shares of Sequential Brands Group Inc. (NASDAQ:SQBG) from a sell rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Sequential Brands Group Inc. is a licensing and brand management company focused on promoting, marketing and licensing a portfolio of consumer brands. The Company’s brands include William Rast(R) and People’s Liberation(R). It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage. Sequential Brands Group Inc., formerly known as People’s Liberation, Inc., is headquartered in Pacific Palisades, California. “

Other equities research analysts also recently issued reports about the company. Brean Capital restated a buy rating and issued a $15.00 price target on shares of Sequential Brands Group in a report on Friday, July 29th. Canaccord Genuity set a $18.00 price target on Sequential Brands Group and gave the stock a buy rating in a report on Thursday, July 28th. Finally, Piper Jaffray Cos. restated a buy rating and issued a $12.00 price target on shares of Sequential Brands Group in a report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $13.25.

Sequential Brands Group (NASDAQ:SQBG) traded down 3.55% during midday trading on Wednesday, reaching $5.84. The company had a trading volume of 188,859 shares. Sequential Brands Group has a 52-week low of $4.10 and a 52-week high of $10.28. The company’s 50-day moving average is $6.98 and its 200 day moving average is $7.41. The company’s market cap is $364.85 billion.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business 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 firm’s revenue was up 82.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities research analysts forecast that Sequential Brands Group will post $0.37 EPS for the current year.

In other Sequential Brands Group news, Director Al Gossett acquired 100,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was bought at an average cost of $4.46 per share, with a total value of $446,000.00. Following the completion of the transaction, the director now directly owns 409,669 shares in the company, valued at approximately $1,827,123.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leonard Stewart, Jr. acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average cost of $4.60 per share, with a total value of $46,000.00. Following the completion of the transaction, the director now owns 87,343 shares of the company’s stock, valued at $401,777.80. The disclosure for this purchase can be found here. Corporate insiders own 27.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its stake in 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 last quarter. JPMorgan Chase & Co. boosted its stake in 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 last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Sequential Brands Group during the first quarter worth about $384,000. Eagle Asset Management Inc. boosted its stake in 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 last quarter. Finally, Falcon Point Capital LLC boosted its stake in 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 last quarter. 59.22% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:SQBG

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