Sequential Brands Group Inc (NASDAQ:SQBG) traded up 14.9% during trading on Wednesday . The stock traded as high as $2.09 and last traded at $2.01. 640,316 shares traded hands during trading, an increase of 267% from the average session volume of 174,582 shares. The stock had previously closed at $1.75.

Several equities research analysts recently commented on the stock. ValuEngine lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Roth Capital lowered shares of Sequential Brands Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $3.25 to $2.00 in a research note on Monday, November 13th. < Canaccord Genuity lowered shares of Sequential Brands Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $6.00 to $1.50 in a research note on Friday, November 10th. Finally, B. Riley reiterated a "buy" rating and set a $7.00 price target on shares of Sequential Brands Group in a research note on Monday, November 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Sequential Brands Group currently has an average rating of "Hold" and a consensus price target of $6.92.

The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16. The firm has a market cap of $126.94, a PE ratio of 10.58, a PEG ratio of 0.24 and a beta of 0.46.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Sequential Brands Group had a positive return on equity of 2.26% and a negative net margin of 14.35%. The business had revenue of $39.00 million for the quarter, compared to analysts’ expectations of $43.66 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. analysts expect that Sequential Brands Group Inc will post 0.45 EPS for the current fiscal year.

In other Sequential Brands Group news, major shareholder Matthew Eby acquired 91,200 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $1.60 per share, with a total value of $145,920.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Karen Murray acquired 62,500 shares of the stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $1.47 per share, for a total transaction of $91,875.00. Following the completion of the transaction, the chief executive officer now directly owns 188,115 shares in the company, valued at approximately $276,529.05. The disclosure for this purchase can be found here. Insiders have acquired a total of 473,200 shares of company stock worth $765,636 over the last three months. 27.30% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of SQBG. Rhumbline Advisers grew its position in 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 during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Sequential Brands Group by 11.5% in the second quarter. Teachers Advisors LLC now owns 77,412 shares of the textile maker’s stock valued at $309,000 after acquiring an additional 7,958 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Sequential Brands Group by 2.2% in the second quarter. Northern Trust Corp now owns 451,074 shares of the textile maker’s stock valued at $1,799,000 after acquiring an additional 9,535 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $6,489,000 after acquiring an additional 61,722 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Sequential Brands Group by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 215,368 shares of the textile maker’s stock valued at $859,000 after acquiring an additional 9,002 shares in the last quarter. 50.32% of the stock is currently owned by institutional investors.

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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.

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