Sequential Brands Group, Inc. (SQBG) Lowered to Neutral at Roth Capital

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". One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. (NASDAQ:SQBG) shares have been labeled a top pick by Beta Research as it meets the A+ criteria outlined by the firm. During the same quarter last year, the firm posted $0.12 EPS. research analysts anticipate that Sequential Brands Group will post 0.5 EPS for the current year. Cowen and Company updated guidance on SQBG stating a rating of "Hold" and price target of $6.00.

Following some medium-term indicators on shares of Sequential Brands Group, Inc. The company has a 50-day moving average price of $4.97 and a 200 day moving average price of $6.69. (NASDAQ:SQBG) shares typically trade an average volume of 219.84 and institutions hold 66.30% of the total shares. (NASDAQ:SQBG)'s stock about -47.71% from the 50-day high and 17.65% away from the 50-day low. This company shares are 215.53% off its target price of $5.08 and the current market capitalization stands at $105.23M.

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ILLEGAL ACTIVITY NOTICE: "Canaccord Genuity Lowers Sequential Brands Group, Inc". The business had revenue of $39.00 million during the quarter, compared to analyst estimates of $43.66 million. In the latest earnings report the EPS was $-0.38 with 63.15M shares now outstanding. Sequential Brands Group had a positive return on equity of 2.24% and a negative net margin of 14.35%. The firm's revenue for the quarter was up 82.6% compared to the same quarter a year ago. During the same period in the previous year, the company posted $0.12 EPS. While the stock price moved along with the volume change, shares are touching $1.60. Hedge funds and other institutional investors own 51.56% of the company's stock. Also, Director Al Gossett purchased 100,000 shares of the stock in a transaction dated Monday, November 7th. For the week, the stock is performing 27.98%. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Blackrock Inc. sold 2.92 million shares from its total ownership of 2.32 million. Great West Life Assurance Co. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Sequential Brands Group in the 3rd quarter valued at about $150,000. Essex Investment Management Co. Municipal Employees Retirement System of MI bought a new stake in shares of Sequential Brands Group in the 2nd quarter worth $407,000. Finally, Rhumbline Advisers boosted its position in Sequential Brands Group by 3.9% during the second quarter. LLC purchased a new stake in shares of Sequential Brands Group during the third quarter worth $147,000. 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. 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. Carlyle Group L.P. owns $8.92 million in Sequential Brands Group, Inc., which represents roughly 8.47% of the company's market cap and approximately 19.82% of the institutional ownership. 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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