ValuEngine downgraded shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) from a buy rating to a hold rating in a report published on Friday.

A number of other equities research analysts have also recently weighed in on SQBG. Zacks Investment Research cut Sequential Brands Group from a buy rating to a hold rating in a research note on Friday, June 30th. Roth Capital set a $4.00 price target on Sequential Brands Group and gave the company a buy rating in a research note on Friday, July 28th. Canaccord Genuity set a $6.00 price target on Sequential Brands Group and gave the company a buy rating in a research note on Thursday, July 27th. CL King cut Sequential Brands Group from a buy rating to a neutral rating in a research note on Wednesday, June 28th. Finally, FBR & Co restated an outperform rating and issued a $7.00 price target on shares of Sequential Brands Group in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sequential Brands Group has a consensus rating of Buy and an average price target of $9.06.

Shares of Sequential Brands Group (SQBG) opened at 3.05 on Friday. The stock has a market capitalization of $191.80 million, a price-to-earnings ratio of 112.96 and a beta of 0.63. Sequential Brands Group has a 52-week low of $2.55 and a 52-week high of $8.49. The stock has a 50 day moving average of $2.97 and a 200-day moving average of $3.44.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Sequential Brands Group had a return on equity of 1.29% and a net margin of 0.99%. The business had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $39.15 million. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, equities research analysts predict that Sequential Brands Group will post $0.52 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Sequential Brands Group, Inc. (SQBG) Rating Lowered to Hold at ValuEngine” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/05/sequential-brands-group-inc-sqbg-rating-lowered-to-hold-at-valuengine.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Sequential Brands Group by 37.6% during the 2nd quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock worth $102,000 after purchasing an additional 6,958 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Sequential Brands Group during the 1st quarter worth $124,000. Wells Fargo & Company MN grew its holdings in shares of Sequential Brands Group by 15.3% during the 1st quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after purchasing an additional 5,482 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Sequential Brands Group by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after purchasing an additional 1,780 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Sequential Brands Group during the 2nd quarter worth $200,000. 51.90% of the stock is currently owned by 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

Receive News & Stock Ratings for Sequential Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequential Brands Group Inc. and related stocks with our FREE daily email newsletter.