Zacks Investment Research upgraded shares of Sequential Brands Group (NASDAQ:SQBG) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Sequential Brands Group Inc. is a licensing and brand management company focused on promoting, marketing and licensing a portfolio of consumer brands. The Company’s brands include William Rast(R) and People’s Liberation(R). It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage. Sequential Brands Group Inc., formerly known as People’s Liberation, Inc., is headquartered in Pacific Palisades, California. “

Separately, ValuEngine cut Sequential Brands Group from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd.

SQBG stock opened at $0.33 on Tuesday. The business has a fifty day moving average of $0.43 and a two-hundred day moving average of $0.85. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.22. The stock has a market cap of $17.66 million, a price-to-earnings ratio of 1.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.60. Sequential Brands Group has a 52-week low of $0.25 and a 52-week high of $2.28.

Sequential Brands Group (NASDAQ:SQBG) last posted its earnings results on Friday, August 9th. The textile maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). The business had revenue of $26.42 million for the quarter, compared to analyst estimates of $39.04 million. Sequential Brands Group had a positive return on equity of 2.52% and a negative net margin of 92.66%. As a group, sell-side analysts anticipate that Sequential Brands Group will post 0.3 EPS for the current year.

In other news, major shareholder Prescott Group Capital Managem acquired 141,612 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of $0.67 per share, with a total value of $94,880.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 29.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prescott Group Capital Management L.L.C. grew its stake in shares of Sequential Brands Group by 3.0% in the first quarter. Prescott Group Capital Management L.L.C. now owns 9,026,594 shares of the textile maker’s stock valued at $11,554,000 after buying an additional 265,888 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its stake in shares of Sequential Brands Group by 320.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 210,000 shares of the textile maker’s stock valued at $116,000 after buying an additional 160,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Sequential Brands Group by 15.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,497,106 shares of the textile maker’s stock worth $824,000 after purchasing an additional 200,453 shares in the last quarter. 37.74% of the stock is owned by institutional investors and hedge funds.

Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the home, active, and fashion categories in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, home goods, food, wine, and media related assets, such as magazines, books, and other print and digital content.

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