News stories about Sequential Brands Group (NASDAQ:SQBG) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sequential Brands Group earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 44.3228860128439 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Martha Stewart Extends 35-Year Relationship with Publisher Clarkson Potter (finance.yahoo.com)
- Contrasting Sequential Brands Group (SQBG) & Guess? (GES) (americanbankingnews.com)
- Sequential Brands Group, Inc. (SQBG) Upgraded to Buy by ValuEngine (americanbankingnews.com)
- Sequential Brands Group, Inc. (SQBG) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Head-To-Head Survey: Sequential Brands Group (SQBG) & Stage Stores (SSI) (americanbankingnews.com)
Sequential Brands Group (SQBG) traded down 1.09% during trading on Friday, hitting $2.72. 28,259 shares of the stock were exchanged. The stock’s 50-day moving average price is $2.88 and its 200-day moving average price is $3.27. Sequential Brands Group has a 12-month low of $2.55 and a 12-month high of $8.31. The firm has a market cap of $171.05 million, a PE ratio of 100.74 and a beta of 0.67.
Sequential Brands Group (NASDAQ:SQBG) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $42.10 million during the quarter, compared to analyst estimates of $39.15 million. Sequential Brands Group had a net margin of 0.99% and a return on equity of 1.29%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, equities analysts expect that Sequential Brands Group will post $0.52 EPS for the current year.
A number of analysts recently commented on SQBG shares. ValuEngine downgraded shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company set a $6.00 target price on shares of Sequential Brands Group and gave the stock a “hold” rating in a research report on Thursday, July 27th. FBR & Co restated an “outperform” rating and set a $7.00 target price on shares of Sequential Brands Group in a research report on Tuesday, July 11th. Finally, CL King cut shares of Sequential Brands Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $8.20.
About Sequential Brands Group
Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. 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. 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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