News stories about Sequential Brands Group (NASDAQ:SQBG) have trended somewhat positive this week, according to Alpha One Sentiment. Alpha One, a unit of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sequential Brands Group earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also assigned media stories about the textile maker an impact score of 72 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected AlphaOne Sentiment’s scoring:
- Sequential Brands : Fifth Season of Martha Stewart’s Cooking School to Premiere on PBS (4-traders.com)
- Sequential Brands Group (SQBG) Earns Daily News Sentiment Rating of 0.56 (americanbankingnews.com)
- Fifth Season of Martha Stewart’s Cooking School to Premiere on PBS (finance.yahoo.com)
- $0.04 EPS Expected for Sequential Brands Group Inc (SQBG) This Quarter (americanbankingnews.com)
- Sequential Brands Group (SQBG) Given Media Sentiment Score of 0.42 (americanbankingnews.com)
A number of analysts have recently commented on SQBG shares. Canaccord Genuity set a $6.00 price objective on Sequential Brands Group and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Zacks Investment Research upgraded Sequential Brands Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Wunderlich restated a “buy” rating and issued a $18.00 price objective on shares of Sequential Brands Group in a research report on Friday, January 13th. Finally, Roth Capital set a $4.00 price objective on Sequential Brands Group and gave the company a “buy” rating in a research report on Monday, March 6th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $10.71.
Shares of Sequential Brands Group (NASDAQ:SQBG) traded down 0.28% during mid-day trading on Friday, hitting $3.60. The company had a trading volume of 21,406 shares. The firm’s market capitalization is $224.08 million. Sequential Brands Group has a 12 month low of $3.30 and a 12 month high of $9.14. The firm has a 50-day moving average price of $3.61 and a 200 day moving average price of $4.96.
Sequential Brands Group (NASDAQ:SQBG) last posted its earnings results on Thursday, March 2nd. The textile maker reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business had revenue of $45.41 million for the quarter, compared to analyst estimates of $39.09 million. Sequential Brands Group had a positive return on equity of 4.60% and a negative net margin of 3.93%. The company’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts forecast that Sequential Brands Group will post $0.49 earnings per share for the current fiscal year.
In other Sequential Brands Group news, Director Leonard Stewart, Jr. bought 12,500 shares of the stock in a transaction on Wednesday, March 22nd. The shares were purchased at an average cost of $3.79 per share, with a total value of $47,375.00. Following the completion of the transaction, the director now directly owns 99,843 shares of the company’s stock, valued at approximately $378,404.97. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Al Gossett purchased 100,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were purchased at an average price of $3.43 per share, with a total value of $343,000.00. Following the completion of the acquisition, the director now directly owns 489,669 shares of the company’s stock, valued at $1,679,564.67. The disclosure for this purchase can be found here. Corporate insiders own 27.30% of the company’s stock.
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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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