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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its holdings in shares of Sequential Brands Group by 37.6% during the second quarter. Voya Investment Management LLC now owns 25,485 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 6,958 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of Sequential Brands Group during the third quarter valued at about $136,000. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Sequential Brands Group during the third quarter valued at about $150,000. Mycio Wealth Partners LLC raised its holdings in shares of Sequential Brands Group by 244.0% during the fourth quarter. Mycio Wealth Partners LLC now owns 88,116 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 62,500 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Sequential Brands Group by 3.9% during the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker’s stock valued at $191,000 after purchasing an additional 1,780 shares during the period. Hedge funds and other institutional investors own 46.80% 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.

Analyst Recommendations for Sequential Brands Group (NASDAQ:SQBG)

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