News coverage about Sequential Brands Group (NASDAQ:SQBG) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing 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 news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 48.2043079445863 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
SQBG has been the subject of several research reports. ValuEngine cut Sequential Brands Group from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Roth Capital set a $2.00 price objective on Sequential Brands Group and gave the stock a “hold” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.25.
NASDAQ SQBG traded down $0.02 on Thursday, reaching $1.78. 29,700 shares of the company were exchanged, compared to its average volume of 179,336. The firm has a market capitalization of $115.43 million, a P/E ratio of 4.05, a price-to-earnings-growth ratio of 0.22 and a beta of -0.23. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.66 and a current ratio of 1.66. Sequential Brands Group has a fifty-two week low of $1.36 and a fifty-two week high of $3.03.
Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Wednesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12. The company had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.70 million. Sequential Brands Group had a positive return on equity of 6.34% and a negative net margin of 111.74%. sell-side analysts forecast that Sequential Brands Group will post 0.55 EPS for the current year.
In related news, Director Leonard Stewart, Jr. acquired 30,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were bought at an average price of $1.58 per share, with a total value of $47,400.00. Following the completion of the purchase, the director now owns 137,621 shares of the company’s stock, valued at approximately $217,441.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leonard Stewart, Jr. purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $30,000.00. Following the purchase, the director now owns 137,621 shares in the company, valued at $412,863. The disclosure for this purchase can be found here. Insiders own 29.80% of the company’s stock.
About Sequential Brands Group
Sequential Brands Group, Inc owns, promotes, markets, and licenses a portfolio of consumer brands in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, and home goods categories under the Jessica Simpson, AND1, Avia, GAIAM, Joe's Jeans, Ellen Tracy, Emeril Lagasse, William Rast, Heelys, Revo, Caribbean Joe, DVS, The Franklin Mint, Linens N Things, SPRI, Nevados, and FUL brand names; and food, wine, magazines, books, and other print and digital content categories under the Martha Stewart brand name.
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