Sequential Brands Group Inc (SQBG) Increases Again; Strong Momentum for Buyers

September 17, 2017 - By Winifred Garcia

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.

Investors wait Sequential Brands Group Inc (NASDAQ:SQBG) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.15 earnings per share, up $0.04 or 36.36 % from last year’s $0.11 same quarter earnings. This translates into $8.92 million profit for SQBG giving the stock a 4.90 P/E. This is assuming the current $0.15 EPS is accurate. Sequential Brands Group Inc’s Wall Street analysts see 25.00 % EPS growth, taking into account the $0.12 EPS reproted in the previous quarter,

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. C.L. King downgraded Sequential Brands Group Inc (NASDAQ:SQBG) on Wednesday, June 28 to “Hold” rating. TH Capital maintained the shares of SQBG in report on Thursday, December 17 with “Buy” rating. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, May 30. Roth Capital maintained Sequential Brands Group Inc (NASDAQ:SQBG) rating on Monday, November 23. Roth Capital has “Buy” rating and $16 target. The rating was reinitiated by Brean Capital on Tuesday, June 21 with “Buy”. The firm has “Buy” rating by TH Capital given on Monday, November 23. The firm has “Neutral” rating by CL King given on Wednesday, June 28. On Thursday, July 27 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 12. The firm earned “Buy” rating on Friday, July 28 by Roth Capital.

More notable recent Sequential Brands Group Inc (NASDAQ:SQBG) news were published by: Globenewswire.com which released: “Sequential Brands Group Announces New Footwear and Intimate Apparel Licensees …” on January 26, 2017, also Usatoday.com with their article: “USA TODAY NETWORK and Sequential Brands Group Announce Multi-Year Strategic …” published on July 27, 2017, Globenewswire.com published: “Sequential Brands Group Announces New Category Expansion for Heelys With …” on June 29, 2017. More interesting news about Sequential Brands Group Inc (NASDAQ:SQBG) were released by: Seekingalpha.com and their article: “Sequential Brands’ (SQBG) CEO Yehuda Shmidman on Q3 2016 Results – Earnings …” published on November 07, 2016 as well as Fool.com‘s news article titled: “Why Sequential Brands Group Inc Stock Jumped Today” with publication date: May 04, 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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