Today Sequential Brands Group Inc (SQBG) Stock Rises

September 17, 2017 - By Clifton Ray

The stock of Sequential Brands Group Inc (NASDAQ:SQBG) is a huge mover today! The stock increased 6.14% or $0.17 on September 15, reaching $2.94. About 649,699 shares traded or 203.70% up from the average. Sequential Brands Group Inc (NASDAQ:SQBG) has declined 49.92% since September 17, 2016 and is downtrending. It has underperformed by 66.62% the S&P500.
The move comes after 7 months positive chart setup for the $174.81M company. It was reported on Sep, 17 by Barchart.com. We have $3.09 PT which if reached, will make NASDAQ:SQBG worth $8.74M more.

Analysts await Sequential Brands Group Inc (NASDAQ:SQBG) to report earnings on November, 2. They expect $0.15 EPS, up 36.36 % or $0.04 from last year’s $0.11 per share. SQBG’s profit will be $8.92 million for 4.90 P/E if the $0.15 EPS becomes a reality. After $0.12 actual EPS reported by Sequential Brands Group Inc for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

Sequential Brands Group Inc (NASDAQ:SQBG) Ratings Coverage

Among 8 analysts covering Sequential Brands Group (NASDAQ:SQBG), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Sequential Brands Group had 12 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) earned “Buy” rating by Brean Capital on Tuesday, June 21. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) has “Buy” rating given on Monday, November 23 by TH Capital. On Wednesday, June 28 the stock rating was downgraded by C.L. King to “Hold”. The firm has “Neutral” rating given on Wednesday, June 28 by CL King. On Tuesday, May 30 the stock rating was maintained by Canaccord Genuity with “Buy”. Roth Capital maintained Sequential Brands Group Inc (NASDAQ:SQBG) rating on Monday, November 23. Roth Capital has “Buy” rating and $16 target. The firm earned “Buy” rating on Thursday, December 17 by TH Capital. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, August 12 report. Roth Capital maintained it with “Buy” rating and $4.2500 target in Friday, July 28 report. Cowen & Co maintained Sequential Brands Group Inc (NASDAQ:SQBG) rating on Thursday, July 27. Cowen & Co has “Hold” rating and $600 target.

More notable recent Sequential Brands Group Inc (NASDAQ:SQBG) news were published by: Seekingalpha.com which released: “Sequential Brands’ (SQBG) CEO Yehuda Shmidman on Q3 2016 Results – Earnings …” on November 07, 2016, also Usatoday.com with their article: “USA TODAY NETWORK and Sequential Brands Group Announce Multi-Year Strategic …” published on July 27, 2017, Fool.com published: “Why Sequential Brands Group Inc Stock Jumped Today” on May 04, 2017. More interesting news about Sequential Brands Group Inc (NASDAQ:SQBG) were released by: Globenewswire.com and their article: “Sequential Brands Group Announces New Category Expansion for Heelys With …” published on June 29, 2017 as well as Globenewswire.com‘s news article titled: “Sequential Brands Group and The Michaels Companies Announce New Partnership …” with publication date: March 02, 2017.

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The company has market cap of $174.81 million. 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. It has a 112.51 P/E ratio. 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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