News headlines about Sequential Brands Group (NASDAQ:SQBG) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sequential Brands Group earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 45.5665883354066 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Sequential Brands Group (NASDAQ:SQBG) opened at $1.78 on Tuesday. The firm has a market cap of $113.04, a P/E ratio of 9.42, a P/E/G ratio of 0.25 and a beta of 0.41. Sequential Brands Group has a 52-week low of $1.36 and a 52-week high of $5.50. 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 issued its quarterly earnings data on Thursday, November 9th. The textile maker reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $39.00 million for 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 firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. equities analysts expect that Sequential Brands Group will post 0.48 EPS for the current year.
Several brokerages have recently issued reports on SQBG. Zacks Investment Research downgraded shares of Sequential Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Roth Capital set a $3.00 target price on shares of Sequential Brands Group and gave the stock a “buy” rating in a research note on Monday, October 23rd. 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 note on Friday, November 10th. ValuEngine upgraded shares of Sequential Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Finally, Cowen reiterated a “hold” rating and issued a $6.00 target price on shares of Sequential Brands Group in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $6.92.
In related news, CEO Karen Murray acquired 62,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $1.47 per share, for a total transaction of $91,875.00. Following the completion of the transaction, the chief executive officer now directly owns 188,115 shares in the company, valued at $276,529.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tcp Wr Acquisition Llc acquired 194,464 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $1.64 per share, for a total transaction of $318,920.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 473,200 shares of company stock worth $765,636. 27.30% of the stock is owned by insiders.
About Sequential Brands Group
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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