Shares of Sequential Brands Group Inc. (NASDAQ:SQBG) fell 2.7% during trading on Tuesday . The company traded as low as $7.01 and last traded at $7.09, with a volume of 58,898 shares traded. The stock had previously closed at $7.29.

A number of research firms recently commented on SQBG. Brean Capital began coverage on shares of Sequential Brands Group in a report on Tuesday, June 21st. They issued a “buy” rating and a $16.00 target price on the stock. Piper Jaffray Cos. reiterated a “buy” rating and issued a $11.00 target price on shares of Sequential Brands Group in a report on Tuesday, June 14th. Zacks Investment Research upgraded shares of Sequential Brands Group from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Thursday, July 28th. Canaccord Genuity set a $18.00 target price on shares of Sequential Brands Group and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Roth Capital reiterated a “buy” rating on shares of Sequential Brands Group in a report on Thursday, May 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $14.71.

The stock’s market cap is $434.92 million. The stock’s 50 day moving average price is $7.71 and its 200-day moving average price is $7.01.

Sequential Brands Group (NASDAQ:SQBG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. During the same period in the prior year, the company earned $0.08 EPS. The company had revenue of $34.20 million for the quarter, compared to the consensus estimate of $31.23 million. The firm’s revenue was up 69.3% compared to the same quarter last year. Equities research analysts forecast that Sequential Brands Group Inc. will post $0.45 EPS for the current fiscal year.

An institutional investor recently raised its position in Sequential Brands Group stock. State of New Jersey Common Pension Fund D increased its position in Sequential Brands Group Inc. (NASDAQ:SQBG) by 22.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,344,200 shares of the company’s stock after buying an additional 245,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 3.35% of Sequential Brands Group worth $10,633,000 at the end of the most recent quarter.

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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