Sequential Brands Group Inc (NASDAQ:SQBG) shares fell 7.1% during mid-day trading on Thursday . The company traded as low as $1.66 and last traded at $1.70. 657,255 shares changed hands during trading, an increase of 128% from the average session volume of 287,944 shares. The stock had previously closed at $1.83.

A number of brokerages have issued reports on SQBG. Zacks Investment Research upgraded Sequential Brands Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Roth Capital lowered Sequential Brands Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $3.25 to $2.00 in a research report on Monday, November 13th. < Canaccord Genuity lowered Sequential Brands Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $6.00 to $1.50 in a research report on Friday, November 10th. B. Riley reiterated a "buy" rating and set a $7.00 price target on shares of Sequential Brands Group in a research report on Monday, November 6th. Finally, ValuEngine upgraded Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $6.92.

The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $110.80, a PE ratio of -4.47, a PEG ratio of 0.24 and a beta of 0.41.

Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The firm had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. equities research analysts predict that Sequential Brands Group Inc will post 0.48 earnings per share for the current year.

In other news, Director Aaron P. Hollander acquired 20,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $1.72 per share, for a total transaction of $34,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Karen Murray acquired 62,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $1.47 per share, with a total value of $91,875.00. Following the acquisition, the chief executive officer now owns 188,115 shares of the company’s stock, valued at $276,529.05. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 473,200 shares of company stock valued at $765,636. Insiders own 27.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. 683 Capital Management LLC lifted its holdings in shares of Sequential Brands Group by 2.1% in the third quarter. 683 Capital Management LLC now owns 3,078,179 shares of the textile maker’s stock valued at $9,204,000 after buying an additional 63,179 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Sequential Brands Group during the third quarter worth $136,000. Eagle Asset Management Inc. raised its position in shares of Sequential Brands Group by 41.0% during the third quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker’s stock worth $953,000 after purchasing an additional 92,433 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in shares of Sequential Brands Group by 3.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,133,543 shares of the textile maker’s stock worth $3,389,000 after purchasing an additional 39,470 shares during the period. Finally, Emerald Advisers Inc. PA raised its position in shares of Sequential Brands Group by 14.5% during the third quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker’s stock worth $4,075,000 after purchasing an additional 172,382 shares during the period. Institutional investors and hedge funds own 50.31% of the company’s stock.

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Sequential Brands Group Company Profile

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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