Sequential Brands Group (SQBG) Receiving Somewhat Favorable Press Coverage, Report Shows

Media headlines about Sequential Brands Group (NASDAQ:SQBG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sequential Brands Group earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 48.3144913604385 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Sequential Brands Group traded down $0.01, reaching $2.09, during midday trading on Friday, according to Marketbeat. 397,342 shares of the company were exchanged, compared to its average volume of 149,178. The stock has a market cap of $133.51 million, a PE ratio of 4.75, a P/E/G ratio of 0.25 and a beta of -0.16. Sequential Brands Group has a 1-year low of $1.36 and a 1-year high of $3.10. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.61 and a quick ratio of 1.61.

Sequential Brands Group (NASDAQ:SQBG) last announced its earnings results on Wednesday, August 8th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. Sequential Brands Group had a positive return on equity of 6.14% and a negative net margin of 111.74%. The business had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.70 million. research analysts anticipate that Sequential Brands Group will post 0.55 earnings per share for the current year.

A number of brokerages have commented on SQBG. ValuEngine cut Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Sequential Brands Group currently has an average rating of “Hold” and an average target price of $4.25.

In other Sequential Brands Group news, Director Leonard Stewart, Jr. bought 30,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of $1.58 per share, with a total value of $47,400.00. Following the completion of the transaction, the director now owns 137,621 shares in the company, valued at $217,441.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leonard Stewart, Jr. bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 137,621 shares of the company’s stock, valued at approximately $412,863. The disclosure for this purchase can be found here. 29.80% of the stock is currently owned by insiders.

Sequential Brands Group Company Profile

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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