November 24, 2017

What Are Analysts Opinions On Sequential Brands Group, Inc. (SQBG)

15 November 2017, 12:29 | Casey Mitchell

Reviewing the Current Circumstance for Sequential Brands Group, Inc. (SQBG), Babcock & Wilcox Enterprises, Inc. (BW)

Sequential Brands

The fund owned 963,882 shares of the company's stock after buying an additional 213,400 shares during the period. Sequential Brands has recorded a 50-day average of $2.84 and a two hundred day average of $3.21. The stock is a Buy among 8 brokerage firms polled by Factset Research. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Sequential Brands Group in the 3rd quarter valued at about $150,000. Goldman Sachs Group Inc. now owns 2,363,853 shares of the textile maker's stock worth $9,432,000 after acquiring an additional 2,169,169 shares in the last quarter. BlackRock Group LTD boosted its stake in Sequential Brands Group by 52.8% in the second quarter. Bank of New York Mellon Corp increased its holdings in shares of Sequential Brands Group by 6.0% in the first quarter. PA owned 2.17% of Sequential Brands Group worth $4,075,000 at the end of the most recent reporting period. (NASDAQ:SQBG) shares typically trade an average volume of 219.84 and institutions hold 66.30% of the total shares. Finally, Rhumbline Advisers grew its position in Sequential Brands Group by 3.9% during the 2nd quarter. The consensus price target of $5.08 also implies significant upside from the current price of $1.50.

Eagle Asset Management Inc bolstered its investment by buying 92,433 shares an increase of 41.0% from 06/30/2017 to 09/30/2017. For the next 5 years, Sequential Brands Group, expecting Growth of 15% per annum, whereas in the past 5 years the growth was 14.01% per annum. (NASDAQ:SQBG) traded up 1.1615% during trading on Friday, reaching $4.5725. Dimensional Fund Advisors Lp claims 356,604 shares worth $1,066,000. The company's 50-day moving average is $4.93 and its 200 day moving average is $6.66.

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At the session level, shares of Sequential Brands Group, Inc.(NASDAQ:SQBG) moved 18.38% from the open. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.12.

On the other hand Sequential Brands Cmn (NASDAQ:SQBG) has Relative Strength Index (RSI 14) of 25.8 along with Average True Range (ATR 14) of 0.18. The company had revenue of $39.00 million for the quarter, compared to analyst estimates of $43.66 million. (NASDAQ:SQBG) on November 13, 2017 saw a significant increase, closing the day at $1.40, or a increase of $0.21 or (15.00%).Volume levels waned and SQBG actually managed a declined which translated to 1.98 million shares changing hands on the day. The shares price has directed -71.01% toward a lower level throughout previous year and swapped -49.09% toward a weak spot during past one month.

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Media coverage about Sequential Brands Group (NASDAQ:SQBG) has trended somewhat negative on Tuesday, Accern Sentiment reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Canaccord Genuity set a $6.00 target price on shares of Sequential Brands Group and gave the stock a "buy" rating in a research note on Thursday, July 27th. Cowen and Company reaffirmed a hold rating and set a $6.00 price target on shares of Sequential Brands Group in a report on Thursday, September 28th. (NASDAQ:SQBG) from a hold rating to a sell rating in a research report report published on Thursday, October 26th.

Director, Gossett Al, purchased 100,000 common shares of Sequential Brands Group, Inc. While the stock price moved along with the volume change, shares are touching $1.89. Bank of New York Mellon Corp now owns 176,239 shares of the textile maker's stock worth $685,000 after purchasing an additional 10,007 shares during the period. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Boeing announces $27bn order from flydubai for 737 MAXs
Low cost carrier Flydubai has announced a commitment to order 225 Boeing 737 Max aircraft worth $27bn at the Dubai Airshow. With today's announcement, this will bring the total number of aircraft the airline has on order to 320.

In the transaction dated November 08, 2016, the great number of shares acquired came courtesy the Director; Stewart Leonard Jr added a total of 10,000 shares at an average price of $4.6, amounting to approximately $46,000. The shares were acquired at an average price of $4.60 per share, for a total transaction of $46,000.00. The disclosure for this purchase can be found here. The Company's brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Business's portfolio of consumer brands includes Martha Stewart, Jessica Simpson, AND1, Avia and Ellen Tracy. Also included in the list of buyers for the last 3 months Gary A Johnson who executed a direct buy for 27,778 shares on May 11, 2017.Director Leonard Jr Stewart bought 27778 shares on May 11, 2017, bringing his total number of shares held to 127621.

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