Sequential Brands Group Inc. (NASDAQ:SQBG) shares dropped 4% during trading on Wednesday . The stock traded as low as $7.14 and last traded at $7.16, with a volume of 151,677 shares trading hands. The stock had previously closed at $7.46.

SQBG has been the subject of several recent research reports. Brean Capital initiated coverage on shares of Sequential Brands Group in a research note on Tuesday, June 21st. They issued a “buy” rating and a $16.00 price objective for the company. Canaccord Genuity set a $18.00 target price on shares of Sequential Brands Group and gave the company a “buy” rating in a report on Thursday, July 28th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Sequential Brands Group in a report on Saturday, May 7th. Zacks Investment Research cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Roth Capital reaffirmed 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 a consensus rating of “Buy” and an average price target of $14.71.

The firm’s 50 day moving average is $7.97 and its 200 day moving average is $6.95. The stock’s market cap is $463.54 million.

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

A hedge fund recently raised its stake in Sequential Brands Group stock. Russell Frank Co increased its position in Sequential Brands Group Inc. (NASDAQ:SQBG) by 109.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 380,905 shares of the company’s stock after buying an additional 199,077 shares during the period. Russell Frank Co owned about 0.95% of Sequential Brands Group worth $3,054,000 at the end of the most recent reporting period.

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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