The stock of Sequential Brands Group Inc (NASDAQ:SQBG) is a huge mover today! About 1.07M shares traded hands or 440.89% up from the average. Sequential Brands Group Inc (NASDAQ:SQBG) has declined 27.38% since April 4, 2016 and is downtrending. It has underperformed by 28.47% the S&P500.
The move comes after 5 months negative chart setup for the $373.78M company. It was reported on Nov, 4 by Barchart.com. We have $3.68 PT which if reached, will make NASDAQ:SQBG worth $44.85M less.
Sequential Brands Group Inc (NASDAQ:SQBG) Ratings Coverage
Out of 5 analysts covering Sequential Brands Group (NASDAQ:SQBG), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sequential Brands Group has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) has “Overweight” rating given on Wednesday, December 23 by Piper Jaffray. TH Capital maintained the stock with “Buy” rating in Monday, November 23 report. The stock has “Buy” rating given by Brean Capital on Tuesday, June 21. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, August 12 report. The firm has “Buy” rating by Roth Capital given on Monday, November 23. TH Capital maintained Sequential Brands Group Inc (NASDAQ:SQBG) rating on Thursday, December 17. TH Capital has “Buy” rating and $12 price target.
According to Zacks Investment Research, “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.”
More news for Sequential Brands Group Inc (NASDAQ:SQBG) were recently published by: Globenewswire.com, which released: “Sequential Brands Group Expands Martha Stewart Brand to Korea” on September 27, 2016. Globenewswire.com‘s article titled: “Sequential Brands Group to Present at Canaccord Genuity Growth Conference” and published on August 03, 2016 is yet another important article.
SQBG Company Profile
Sequential Brands Group, Inc., incorporated on June 5, 2015, owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Jessica Simpson, AND1, Avia and Ellen Tracy. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Firm licenses brands to both wholesale and direct-to-retail licensees.
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