Zacks Investment Research Lowers Sequential Brands Group (SQBG) to Sell

Sequential Brands Group (NASDAQ:SQBG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. The Company’s brands include William Rast(R) and People’s Liberation(R). It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage. Sequential Brands Group Inc., formerly known as People’s Liberation, Inc., is headquartered in Pacific Palisades, California. “

Separately, ValuEngine upgraded shares of Sequential Brands Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

SQBG stock opened at $0.80 on Wednesday. The firm has a market cap of $52.07 million, a P/E ratio of 2.44, a PEG ratio of 0.15 and a beta of 0.84. The company has a current ratio of 1.27, a quick ratio of 1.47 and a debt-to-equity ratio of 2.88. Sequential Brands Group has a one year low of $0.67 and a one year high of $2.28.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings results on Wednesday, May 8th. The textile maker reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.08). The firm had revenue of $36.91 million for the quarter, compared to analyst estimates of $38.14 million. Sequential Brands Group had a negative net margin of 79.14% and a positive return on equity of 5.31%. Research analysts predict that Sequential Brands Group will post 0.35 earnings per share for the current year.

In related news, major shareholder Prescott Group Capital Managem acquired 45,888 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $1.41 per share, with a total value of $64,702.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have acquired 672,838 shares of company stock worth $758,652. Insiders own 29.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SQBG. Lindbrook Capital LLC purchased a new position in Sequential Brands Group during the fourth quarter valued at $73,000. Altfest L J & Co. Inc. purchased a new position in Sequential Brands Group during the first quarter valued at $98,000. Vanguard Group Inc lifted its holdings in Sequential Brands Group by 14.3% during the third quarter. Vanguard Group Inc now owns 1,580,464 shares of the textile maker’s stock valued at $2,640,000 after purchasing an additional 198,105 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Sequential Brands Group by 14.3% during the third quarter. Vanguard Group Inc. now owns 1,580,464 shares of the textile maker’s stock valued at $2,640,000 after purchasing an additional 198,105 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its holdings in Sequential Brands Group by 103.0% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 8,760,706 shares of the textile maker’s stock valued at $7,009,000 after purchasing an additional 4,444,580 shares in the last quarter. 38.14% of the stock is currently owned by institutional investors and hedge funds.

Sequential Brands Group Company Profile

Sequential Brands Group, Inc owns a portfolio of consumer brands in the home, active, and fashion categories in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, home goods, food, wine, and media related assets, such as magazines, books, and other print and digital content.

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