Zacks Investment Research Upgrades Sequential Brands Group (SQBG) to “Hold”

Zacks Investment Research upgraded shares of Sequential Brands Group (NASDAQ:SQBG) from a sell rating to a hold rating in a research report released on Thursday morning.

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. “

A number of other equities analysts have also weighed in on the company. Roth Capital set a $3.00 price objective on Sequential Brands Group and gave the company a buy rating in a research note on Monday, October 23rd. ValuEngine lowered Sequential Brands Group from a buy rating to a hold rating in a research note on Sunday, December 31st. B. Riley restated a buy rating and issued a $7.00 price target on shares of Sequential Brands Group in a research note on Monday, November 6th. Finally, Canaccord Genuity lowered 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 note on Friday, November 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $6.92.

Sequential Brands Group (NASDAQ:SQBG) opened at $1.73 on Thursday. The firm has a market capitalization of $109.25, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.21 and a beta of -0.03. Sequential Brands Group has a 52 week low of $1.36 and a 52 week high of $4.21. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.46 and a current ratio of 1.46.

In other Sequential Brands Group news, Director Aaron P. Hollander purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $1.72 per share, for a total transaction of $34,400.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.30% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in SQBG. Voya Investment Management LLC increased its stake in shares of Sequential Brands Group by 37.6% in the 2nd 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 in the last quarter. OxFORD Asset Management LLP purchased a new position in shares of Sequential Brands Group in the 3rd quarter valued at about $136,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Sequential Brands Group in the 3rd quarter valued at about $150,000. Mycio Wealth Partners LLC increased its stake in shares of Sequential Brands Group by 244.0% in the 4th 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 in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Sequential Brands Group by 140.4% in the 4th quarter. Deutsche Bank AG now owns 88,996 shares of the textile maker’s stock valued at $157,000 after purchasing an additional 51,976 shares in the last quarter. Hedge funds and other institutional investors own 46.80% 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.

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