Analysts Set Sequential Brands Group Inc (SQBG) Price Target at $6.92
Shares of Sequential Brands Group Inc (NASDAQ:SQBG) have earned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.92.
Several brokerages recently weighed in on SQBG. Roth Capital set a $3.00 price objective on shares of Sequential Brands Group and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating and set a $7.00 price target on shares of Sequential Brands Group in a research report on Monday, November 6th. ValuEngine cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Canaccord Genuity cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating and cut their price target for the company from $6.00 to $1.50 in a research report on Friday, November 10th.
In related news, Director William Sweedler acquired 86,036 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $1.68 per share, for a total transaction of $144,540.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aaron P. Hollander acquired 20,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $1.72 per share, for a total transaction of $34,400.00. The disclosure for this purchase can be found here. Insiders have acquired 309,500 shares of company stock worth $512,441 in the last ninety days. Insiders own 27.30% of the company’s stock.
Shares of Sequential Brands Group (SQBG) traded up $0.01 during trading on Friday, hitting $1.59. 99,800 shares of the company traded hands, compared to its average volume of 175,141. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.16. Sequential Brands Group has a one year low of $1.36 and a one year high of $4.21. The company has a market capitalization of $99.78, a PE ratio of -4.18, a price-to-earnings-growth ratio of 0.19 and a beta of -0.03.
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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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