The stock of Sequential Brands Group Inc (NASDAQ:SQBG) is a huge mover today! About 471,944 shares traded hands or 99.82% up from the average. Sequential Brands Group Inc (NASDAQ:SQBG) has declined 36.50% since April 5, 2016 and is downtrending. It has underperformed by 38.46% the S&P500.
The move comes after 6 months positive chart setup for the $457.98 million company. It was reported on Nov, 7 by Barchart.com. We have $9.51 PT which if reached, will make NASDAQ:SQBG worth $499.20M more.
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. Brean Capital reinitiated Sequential Brands Group Inc (NASDAQ:SQBG) on Tuesday, June 21 with “Buy” rating. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) earned “Buy” rating by Canaccord Genuity on Wednesday, August 12. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) earned “Buy” rating by Roth Capital on Monday, November 23. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, December 23. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) has “Buy” rating given on Thursday, December 17 by TH Capital. The firm has “Buy” rating by TH Capital given on Monday, November 23.
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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