Sequential Brands Group Inc. (SQBG) Shares Down 6.1%
Sequential Brands Group Inc. (NASDAQ:SQBG) fell 6.1% during trading on Monday . The stock traded as low as $6.56 and last traded at $6.63, with a volume of 200,732 shares changing hands. The stock had previously closed at $7.06.
Several research firms have recently commented on SQBG. Brean Capital began coverage on Sequential Brands Group in a report on Tuesday, June 21st. They set a “buy” rating and a $16.00 price objective for the company. Piper Jaffray Cos. restated a “buy” rating and set a $11.00 price objective on shares of Sequential Brands Group in a report on Tuesday, June 14th. Zacks Investment Research upgraded Sequential Brands Group from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Thursday, July 28th. Canaccord Genuity set a $18.00 price objective on Sequential Brands Group and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, Roth Capital restated 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 given a buy rating to the stock. Sequential Brands Group presently has a consensus rating of “Buy” and an average price target of $14.71.
The company’s market cap is $424.34 million. The stock’s 50-day moving average is $7.66 and its 200 day moving average is $7.01.
Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. During the same period last year, the business 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 quarterly revenue was up 69.3% on a year-over-year basis. Equities analysts forecast that Sequential Brands Group Inc. will post $0.45 EPS for the current year.
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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