Northern Trust Corp increased its holdings in shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 451,074 shares of the textile maker’s stock after buying an additional 9,535 shares during the quarter. Northern Trust Corp owned about 0.72% of Sequential Brands Group worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in Sequential Brands Group by 3.9% during the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after buying an additional 1,780 shares during the period. Teachers Advisors LLC lifted its position in Sequential Brands Group by 11.5% during the second quarter. Teachers Advisors LLC now owns 77,412 shares of the textile maker’s stock worth $309,000 after buying an additional 7,958 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Sequential Brands Group during the second quarter worth about $407,000. Goldman Sachs Group Inc. lifted its position in Sequential Brands Group by 1,188.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,684 shares of the textile maker’s stock worth $757,000 after buying an additional 179,575 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Sequential Brands Group by 9.2% during the second quarter. Russell Investments Group Ltd. now owns 400,703 shares of the textile maker’s stock worth $1,598,000 after buying an additional 33,670 shares during the period. Hedge funds and other institutional investors own 50.29% of the company’s stock.

Sequential Brands Group, Inc. (SQBG) opened at $1.79 on Friday. The company has a market capitalization of $111.78, a PE ratio of 9.32, a PEG ratio of 0.24 and a beta of 0.47. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16. Sequential Brands Group, Inc. has a twelve month low of $1.36 and a twelve month high of $5.50.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $39.00 million during the quarter, compared to analysts’ expectations of $43.66 million. Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. equities research analysts anticipate that Sequential Brands Group, Inc. will post 0.48 earnings per share for the current year.

In other news, major shareholder Matthew Eby acquired 91,200 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $1.60 per share, for a total transaction of $145,920.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Sweedler acquired 86,036 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of $1.68 per share, for a total transaction of $144,540.48. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 473,200 shares of company stock worth $765,636. Company insiders own 27.30% of the company’s stock.

Several equities analysts recently weighed in on SQBG shares. ValuEngine downgraded Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen reiterated a “hold” rating and set a $6.00 target price on shares of Sequential Brands Group in a research report on Thursday, September 28th. Roth Capital set a $3.00 target price on Sequential Brands Group and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Sequential Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, B. Riley restated a “buy” rating and issued a $7.00 price objective on shares of Sequential Brands Group in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Sequential Brands Group currently has a consensus rating of “Hold” and an average price target of $6.92.

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Sequential Brands Group 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.

Institutional Ownership by Quarter for Sequential Brands Group (NASDAQ:SQBG)

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