Sequential Brands Group Inc (SQBG) Can’t Be More Safe. Trades Significantly Higher

September 17, 2017 - By Nellie Frank

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 $8.92M 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 rating was maintained by Roth Capital with “Buy” on Friday, July 28. The rating was downgraded by C.L. King on Wednesday, June 28 to “Hold”. Canaccord Genuity maintained it with “Buy” rating and $600 target in Tuesday, May 30 report. The firm has “Buy” rating by TH Capital given on Thursday, December 17. As per Monday, November 23, the company rating was maintained by Roth Capital. The firm has “Buy” rating by TH Capital given on Monday, November 23. On Wednesday, June 28 the stock rating was downgraded by CL King to “Neutral”. Cowen & Co maintained it with “Hold” rating and $600 target in Thursday, July 27 report. The firm earned “Buy” rating on Tuesday, June 21 by Brean Capital. The firm has “Buy” rating given on Wednesday, August 12 by Canaccord Genuity.

More notable recent Sequential Brands Group Inc (NASDAQ:SQBG) news were published by: Globenewswire.com which released: “Sequential Brands Group Announces New Category Expansion for Heelys With …” on June 29, 2017, 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 Names Carolyn D’Angelo President of Home Division” published on September 12, 2017 as well as Seekingalpha.com‘s news article titled: “Sequential Brands Group’s (SQBG) CEO Karen Murray on Q2 2017 Results …” with publication date: July 29, 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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