Sequential Brands Cm (NASDAQ:SQBG) Trading Volume Significantly Higher

Cowen and Company set a $6.00 price objective on shares of Sequential Brands Group and gave the stock a "hold" rating in a research note on Thursday, July 27th. Finally, Wunderlich reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Sequential Brands Group in a report on Friday, January 13th. One analyst rating the company a strong buy, four analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $12.83.

Trading volume for Sequential Brands Cm was 1,981K by the end of trading on Monday. (SQBG) maintained activity of 0.22 million shares that trade hands on average basis. The firm has a market cap of $88.41, a price-to-earnings ratio of 7.37, a P/E/G ratio of 0.19 and a beta of 0.57. Following the acquisition, the director now directly owns 409,669 shares in the company, valued at approximately $1,827,123.74.

683 CAPITAL MANAGEMENT, LLC raised its stake in Sequential Brands Group, Inc. Sequential Brands Group has a 52 week low of $1.37 and a 52 week high of $6.15. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The business had revenue of $39.00 million for the quarter, compared to the consensus estimate of $43.66 million. Sequential Brands Group had a positive return on equity of 4.60% and a negative net margin of 3.93%. Over the past month the firm's stock is 37.82%, 54.68% for the last quarter, 44.30% for the past six-months and -29.97% for the previous year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Week Herald and is the property of of Week Herald. The original version of this report can be viewed at https://stocknewstimes.com/2017/11/14/sequential-brands-group-inc-sqbg-lowered-to-neutral-at-roth-capital.html. Wells Fargo & Company MN lifted its stake in shares of Sequential Brands Group by 15.3% in the first quarter. The stock was acquired at an average cost of $1.47 per share, for a total transaction of $91,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. For the week, the stock is performing 27.98%.

A number of large investors have recently modified their holdings of the stock. LLC purchased a new stake in shares of Sequential Brands Group during the third quarter worth $147,000. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker's stock worth $803,000 after buying an additional 2,767 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Sequential Brands Group by 3.9% in the second quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker's stock worth $953,000 after acquiring an additional 92,433 shares in the last quarter. Sequential Brands Group Inc., formerly known as People's Liberation, Inc., is headquartered in Pacific Palisades, California. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker's stock worth $4,075,000 after acquiring an additional 172,382 shares in the last quarter. The stock grabbed 8 new institutional investments totaling 423,062 shares while 10 institutional investors sold out their entire positions totaling 427,163 shares.

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