Sequential Brands Cmn (SQBG) Has Stock More Room to Run

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For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. Sequential Brands Group has a 52 week low of $1.36 and a 52 week high of $6.15.

A number of other brokerages have also commented on SQBG. Friess Associates LLC boosted its stake in Sequential Brands Group by 256.5% in the second quarter.

TRADEMARK VIOLATION WARNING: "Sequential Brands Group, Inc". Goldman Sachs Group Inc. now owns 194,684 shares of the textile maker's stock worth $757,000 after purchasing an additional 179,575 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in Sequential Brands Group by 3.6% in the 3rd quarter. The difference between the expected and actual EPS was $-0.02/share, which represents an Earnings surprise of -15.4%. Emerald Advisers Inc. PA boosted its stake in Sequential Brands Group by 10.7% in the second quarter. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.11. PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. also announced increased position in Sequential Brands Group, Inc.

SILVERCREST ASSET MANAGEMENT GROUP LLC lowered its stake in Babcock & Wilcox Enterprises, Inc.

Canaccord Genuity cut shares of Sequential Brands Group, Inc. (NASDAQ:SQBG)'s stock is experiencing unusual volume during today's trading. The company's shares were assimilated at $3.79 per share worth to an investment of some $47,375 on account of Stewart Leonard Jr. According to these analysts, the Low Revenue Estimate for Sequential Brands Group, 47.2 Million and the High Revenue Estimate is 48.91 Million. Its book value per share for the most recent quarter is $7.43 while its price to book ratio for the same period is 0.22, as for as the company's cash per share for the most recent quarter is $0.3, however its price to cash per share ratio for the same period is 5.34. Sequential Brands Group had a positive return on equity of 2.24% and a negative net margin of 14.35%. The firm had revenue of $39.00 million during the quarter, compared to the consensus estimate of $43.66 million. During the same quarter a year ago, the business earned $0.12 earnings per share. However the company reported $0.12 earnings per share for the same quarter during past year. The company has a market capitalization of $88.41, a PE ratio of 7.37, a PEG ratio of 0.19 and a beta of 0.57.

SQBG has been the topic of several research reports. (NASDAQ:SQBG) from a hold rating to a sell rating in a research report report published on Thursday, October 26th. Cowen and Company set a $6.00 price target on shares of Sequential Brands Group and gave the stock a "hold" rating in a report on Thursday, July 27th.

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On October 23, 2017 Roth Capital updated its forecast on SQBG stating a rating of "Buy" and setting a price target of $3.00. (NASDAQ:SQBG) from a buy rating to a hold rating in a research note released on Friday, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Cowen and Company updated coverage of SQBG and giving a rating of "Hold" and price target of $6.00.

In other Sequential Brands Group news, Director Al Gossett purchased 100,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average price of $1.47 per share, for a total transaction of $91,875.00.

Institutional investors now hold around $45 million or 66.3% in SQBG stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

In the transaction dated November 08, 2016, the great number of shares acquired came courtesy the Director; Stewart Leonard Jr added a total of 10,000 shares at an average price of $4.6, amounting to approximately $46,000. The investor is now holding $1.88 million shares due in part to a decrease of 145787 new shares in their portfolio. The Company licenses brands to both wholesale and direct-to-retail licensees. The disclosure for this purchase can be found here. Insiders own 27.30% of the company's stock.

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories.