Let's take an assessment at how Sequential Brands Group, Inc. They now have $1.50 price objective on the textile maker's stock, down from their previous price objective of $6.00. Cowen and Company reissued a hold rating and set a $6.00 price objective on shares of Sequential Brands Group in a report on Thursday, September 28th. 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. Sequential Brands Group has a consensus rating of Hold and an average target price of $6.92. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. (NASDAQ:SQBG) on November 13, 2017 saw a significant increase, closing the day at $1.40, or a increase of $0.21 or (15.00%).Volume levels waned and SQBG actually managed a declined which translated to 1.98 million shares changing hands on the day. 1,981,000 shares of the company's stock traded hands, compared to its average volume of 256,699. The stock has a market cap of $88.41, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.19 and a beta of 0.57. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.11.
Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, November 9th. In the last earnings report the EPS was $-0.38 with 63.15M shares presently outstanding. Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.24%. 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. Emerald Advisers Inc. PA lifted its position in Sequential Brands Group by 14.5% in the 3rd quarter.
WARNING: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright laws. 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. The shares were bought at an average cost of $1.47 per share, for a total transaction of $91,875.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 27.30% of the company's stock. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Blackrock Inc. sold 2.92 million shares from its total ownership of 2.32 million.
SILVERCREST ASSET MANAGEMENT GROUP LLC lowered its stake in Babcock & Wilcox Enterprises, Inc. 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. IHT Wealth Management LLC purchased a new position in Sequential Brands Group during the second quarter valued at $712,000. The firm owned 3,015,000 shares of the company's stock after buying an additional 232,500 shares during the period. OxFORD Asset Management LLP bought a new stake in Sequential Brands Group during the third quarter valued at about $136,000. Wells Fargo & Company MN now owns 41,404 shares of the textile maker's stock worth $161,000 after buying an additional 5,482 shares in the last quarter.
Institutional investors now hold around $45 million or 66.3% in SQBG stock.