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. The stock had previously closed at $7.06.

Several research firms have issued reports on SQBG. Canaccord Genuity set a $18.00 price objective on Sequential Brands Group and gave the stock a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded Sequential Brands Group from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Thursday, July 28th. Piper Jaffray Cos. restated a “buy” rating and set a $12.00 price objective on shares of Sequential Brands Group in a report on Thursday, July 28th. Brean Capital restated a “buy” rating and set a $15.00 price objective on shares of Sequential Brands Group in a report on Friday, July 29th. Finally, Roth Capital restated a “buy” rating on shares of Sequential Brands Group in a report on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $14.71.

The stock has a 50 day moving average of $7.61 and a 200-day moving average of $7.03. The company’s market cap is $431.81 million.

Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $31.23 million. The firm’s revenue for the quarter was up 69.3% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. Analysts expect that Sequential Brands Group Inc. will post $0.45 earnings per share 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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