Sequential Brands Group Inc

Mindy Sparks
November 15, 2017

The Company's brands include William Rast (R) and People's Liberation (R). The Avia brand offers running and activewear products.

Several other institutional investors have also sold shares of the company. During the same quarter in the previous year, the company earned $0.12 EPS. equities research analysts expect that Sequential Brands Group will post 0.5 earnings per share for the current fiscal year. Roth Capital set a $4.00 price target on shares of Sequential Brands Group and gave the company a buy rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Sequential Brands Group from a hold rating to a sell rating in a report on Thursday, October 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Cowen and Company set a $6.00 price target on Sequential Brands Group and gave the stock a "hold" rating in a research report on Thursday, July 27th.

Shares of Sequential Brands Group (SQBG) traded up $0.21 during mid-day trading on Monday, reaching $1.61. The volume of SQBG witnessed a shift from 1.98 million shares, based on a 50-day average, to 0.22 million shares. Over the course of the a year ago SQBG has set a 52-week high of $6.15 while the corresponding low set was $1.37. In the latest earnings report the EPS was $-0.38 with 63.15M shares now outstanding. The business had revenue of $39.00 million for the quarter, compared to the consensus estimate of $43.66 million. Sequential Brands Group had a positive return on equity of 2.24% and a negative net margin of 14.35%. During the same period a year ago, the firm posted $0.12 EPS. Analysts had predicted $0.13. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/11/13/karen-murray-buys-62500-shares-of-sequential-brands-group-inc-sqbg-stock.html. (SQBG) changed at hands on unusually higher volume on November 10, 2017, as the stock is sinking -3.45% to end at $1.40.


Institutional investors now hold around $45 million or 66.3% in SQBG stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The shares were acquired at an average cost of $4.46 per share, with a total value of $446,000.00. This company shares are 215.53% off its target price of $5.08 and the current market capitalization stands at $105.23M. The disclosure for this purchase can be found here. The third largest holder is Goldman Sachs Group Inc, which now holds $3.31 million worth of this stock and that ownership represents almost 3.14% of its market capitalization.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. OxFORD Asset Management LLP bought a new stake in Sequential Brands Group during the third quarter valued at about $136,000. Essex Investment Management Co. Eagle Asset Management Inc. lifted its position in Sequential Brands Group by 41.0% in the 3rd quarter. American International Group Inc. raised its stake in shares of Sequential Brands Group by 8.1% in the second quarter. Emerald Advisers Inc. PA now owns 1,362,730 shares of the textile maker's stock valued at $4,075,000 after purchasing an additional 172,382 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Sequential Brands Group by 15.3% in the first quarter.

Sequential Brands Group, Inc.

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