Sequential Brands Group Inc (SQBG) Shares Up 4.3%
Sequential Brands Group Inc (NASDAQ:SQBG)’s share price shot up 4.3% on Monday . The company traded as high as $7.42 and last traded at $7.28, with a volume of 207,294 shares. The stock had previously closed at $6.98.
A number of brokerages have weighed in on SQBG. Roth Capital reaffirmed a “buy” rating on shares of Sequential Brands Group in a research note on Thursday, May 12th. Zacks Investment Research raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Thursday, July 28th. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $12.00 target price on shares of Sequential Brands Group in a research note on Thursday, July 28th. Brean Capital reaffirmed a “buy” rating and issued a $15.00 target price on shares of Sequential Brands Group in a research note on Friday, July 29th. Finally, Canaccord Genuity set a $18.00 target price on shares of Sequential Brands Group and gave the stock a “buy” rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Sequential Brands Group currently has an average rating of “Buy” and a consensus price target of $14.71.
The firm’s market capitalization is $452.96 million. The firm has a 50 day moving average price of $7.54 and a 200-day moving average price of $7.07.
Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $34.20 million for the quarter, compared to analyst estimates of $31.23 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 69.3% on a year-over-year basis. On average, analysts predict 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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