Sequential Brands Group (NASDAQ:SQBG) Earning Somewhat Positive Press Coverage, Study Finds

News headlines about Sequential Brands Group (NASDAQ:SQBG) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sequential Brands Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 45.5487069761486 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research analysts have recently weighed in on the stock. Cowen reissued a “hold” rating and issued a $6.00 target price on shares of Sequential Brands Group in a research report on Thursday, September 28th. Canaccord Genuity downgraded shares of Sequential Brands Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $6.00 to $1.50 in a research report on Friday, November 10th. ValuEngine raised shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Roth Capital downgraded shares of Sequential Brands Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.25 to $2.00 in a research report on Monday, November 13th. < Finally, Zacks Investment Research cut shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Sequential Brands Group currently has an average rating of “Hold” and an average target price of $6.92.

Sequential Brands Group (NASDAQ SQBG) traded down $0.01 during trading hours on Friday, reaching $1.49. 603,115 shares of the company traded hands, compared to its average volume of 282,231. The firm has a market cap of $94.73, a PE ratio of 7.89, a P/E/G ratio of 0.21 and a beta of 0.45. Sequential Brands Group has a 1 year low of $1.36 and a 1 year high of $5.21. 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 (NASDAQ:SQBG) last announced its quarterly earnings results on Thursday, November 9th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The business had revenue of $39.00 million during the quarter, compared to the consensus estimate of $43.66 million. Sequential Brands Group had a negative net margin of 14.35% and a positive return on equity of 2.26%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. research analysts forecast that Sequential Brands Group will post 0.48 EPS for the current fiscal year.

In other news, major shareholder Matthew Eby bought 91,200 shares of the stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $1.60 per share, with a total value of $145,920.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Aaron P. Hollander acquired 20,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $1.72 per share, for a total transaction of $34,400.00. The disclosure for this purchase can be found here. Insiders acquired a total of 473,200 shares of company stock worth $765,636 in the last three months. Insiders own 27.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Sequential Brands Group (NASDAQ:SQBG)

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