Sequential Brands Group, Inc. (NASDAQ:SQBG) CEO Karen Murray purchased 62,500 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $1.47 per share, for a total transaction of $91,875.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Sequential Brands Group, Inc. (NASDAQ SQBG) opened at $1.61 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.11. The company has a market cap of $88.41, a price-to-earnings ratio of 7.37, a PEG ratio of 0.19 and a beta of 0.57. Sequential Brands Group, Inc. has a 1 year low of $1.36 and a 1 year high of $6.15.

Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The business had revenue of $39.00 million during the quarter, compared to the consensus estimate of $43.66 million. Sequential Brands Group had a positive return on equity of 2.24% and a negative net margin of 14.35%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. research analysts forecast that Sequential Brands Group, Inc. will post 0.5 EPS for the current year.

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SQBG has been the topic of a number of research reports. Zacks Investment Research lowered shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Cowen and Company set a $6.00 price target on shares of Sequential Brands Group and gave the company a “hold” rating in a research note on Thursday, July 27th. Roth Capital set a $3.00 price target on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Monday, October 23rd. ValuEngine lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Canaccord Genuity set a $6.00 price target on shares of Sequential Brands Group and gave the company a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.92.

Several hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC bought a new stake in shares of Sequential Brands Group in the second quarter worth $712,000. Rhumbline Advisers lifted its position in shares of Sequential Brands Group by 3.9% in the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock worth $191,000 after purchasing an additional 1,780 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Sequential Brands Group by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker’s stock worth $803,000 after purchasing an additional 2,767 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sequential Brands Group by 15.3% in the first quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker’s stock worth $161,000 after purchasing an additional 5,482 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Sequential Brands Group by 37.6% in the second quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock worth $102,000 after purchasing an additional 6,958 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

About Sequential Brands Group

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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