Sequential Brands Group, Inc. (NASDAQ:SQBG) CEO Karen Murray purchased 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $1.62 per share, with a total value of $14,580.00. Following the transaction, the chief executive officer now owns 188,115 shares of the company’s stock, valued at approximately $304,746.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Karen Murray also recently made the following trade(s):

  • On Monday, November 13th, Karen Murray bought 62,500 shares of Sequential Brands Group stock. The shares were acquired at an average price of $1.47 per share, with a total value of $91,875.00.

Sequential Brands Group, Inc. (NASDAQ:SQBG) traded down $0.06 during trading on Thursday, hitting $1.64. 687,892 shares of the stock traded hands, compared to its average volume of 265,830. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.11. Sequential Brands Group, Inc. has a 1 year low of $1.36 and a 1 year high of $6.15. The company has a market capitalization of $104.20, a P/E ratio of 8.32, a PEG ratio of 0.22 and a beta of 0.48.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.24%. The company had revenue of $39.00 million for the quarter, compared to the consensus estimate of $43.66 million. During the same period in the prior year, the firm posted $0.12 EPS. The business’s revenue was down 7.1% on a year-over-year basis. research analysts expect that Sequential Brands Group, Inc. will post 0.48 earnings per share for the current year.

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Several brokerages have issued reports on SQBG. Zacks Investment Research lowered Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Roth Capital set a $3.00 target price on Sequential Brands Group and gave the company a “buy” rating in a research report on Monday, October 23rd. Canaccord Genuity lowered Sequential Brands Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $6.00 to $1.50 in a research report on Friday, November 10th. Cowen and Company set a $6.00 target price on Sequential Brands Group and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, ValuEngine upgraded Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.92.

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Sequential Brands Group by 1,114.2% in the second quarter. Goldman Sachs Group Inc. now owns 2,363,853 shares of the textile maker’s stock worth $9,432,000 after buying an additional 2,169,169 shares in the last quarter. Emerald Advisers Inc. PA raised its stake in Sequential Brands Group by 14.5% in the third quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock worth $4,075,000 after buying an additional 172,382 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Sequential Brands Group in the second quarter worth approximately $407,000. Eagle Asset Management Inc. raised its stake in Sequential Brands Group by 41.0% in the third quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker’s stock worth $953,000 after buying an additional 92,433 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Sequential Brands Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 1,626,499 shares of the textile maker’s stock worth $6,489,000 after buying an additional 61,722 shares in the last quarter. 51.56% 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.

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