Economy

Sequential Brands Group Inc (SQBG) Stock Is At Yearly Low Now

Sequential Brands Group Inc (SQBG) Stock Is At Yearly Low Now

Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since November 12, 2016 and is uptrending. It has underperformed by 37.63% the S&P500.

Yesterday Sequential Brands (NASDAQ:SQBG) traded -2.08% lower at $2.60. The 5 months bearish chart indicates high risk for the $87.73 million company. The 1-year low was reported on Nov, 12 by Barchart.com. $98.14's average target is 7.82% above currents $91.02 stock price. The stock rose 0.93% or $0.6 reaching $65.12.

About 689,903 shares traded or 195.79% up from the average. The correct version of this story can be accessed at https://weekherald.com/2017/11/12/fy2017-earnings-estimate-for-sequential-brands-group-inc-sqbg-issued-by-b-riley.html. It has underperformed by 66.62% the S&P500. It also upped Molson Coors Brewing (NYSE:TAP) stake by 17,577 shares and now owns 235,386 shares. Svb Financial Group (NASDAQ:SIVB) was raised too. Its down 0.03, from 0.87 in 2017Q1. It turned negative, as 39 investors sold Dycom Industries, Inc. shares while 93 reduced holdings. 97 funds opened positions while 444 raised stakes. Hollencrest Secs Llc owns 27,530 shares for 0.31% of their portfolio. Liberty Mutual Gp Asset invested in 7,449 shares or 0.01% of the stock. Natixis holds 0% or 2,356 shares. Driehaus Cap Management Limited has invested 0.01% in Dycom Industries, Inc. (NYSE:JWN). Sumitomo Mitsui Holdg reported 382,580 shares stake. Icon Advisers Co reported 6,500 shares or 0.04% of all its holdings. The Quebec - Canada-based Fiera Cap Corp has invested 0.15% in Nordstrom, Inc. Standard Life Invests Ltd has invested 0.91% in Altria Group Inc (NYSE:MO). (NYSE:JWN). Kamunting Street Mngmt LP holds 0.38% or 10,000 shares in its portfolio. Moreover, Kentucky Retirement has 0.03% invested in Nordstrom, Inc. (NYSE:DY). Morgan Stanley accumulated 154,805 shares or 0% of the stock. Bancshares Of Ny Mellon Corporation holds 0.15% or 10.88 million shares. Victory Management stated it has 0.04% of its portfolio in Altria Group Inc (NYSE:MO). Burt Wealth stated it has 0.04% of its portfolio in Altria Group Inc (NYSE:MO).

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Among 19 analysts covering Altria Group Inc. (NYSE:JWN), 8 have Buy rating, 6 Sell and 15 Hold. Therefore 67% are positive. Xcerra had 8 analyst reports since September 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, May 20 with "Buy". The stock of Dycom Industries, Inc. Roth Capital set a $4.00 target price on shares of Sequential Brands Group and gave the company a buy rating in a research note on Friday, July 28th. As per Monday, July 17, the company rating was maintained by Stifel Nicolaus. Brean Capital reinitiated the shares of SQBG in report on Tuesday, June 21 with "Buy" rating. Bank of America upgraded the stock to "Buy" rating in Wednesday, January 4 report. ValuEngine cut shares of Sequential Brands Group from a buy rating to a hold rating in a research note on Friday, September 1st. On Wednesday, November 25 the stock rating was maintained by FBR Capital with "Outperform". The firm earned "Buy" rating on Tuesday, June 14 by Berenberg. Previously Sequential Brands Cmn (NASDAQ:SQBG) reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04 with surprise factor of 50%. Therefore 68% are positive. Zacks Investment Research downgraded shares of Sequential Brands Group from a "hold" rating to a "sell" rating in a research note on Thursday, October 26th. Equities researchers at B. Riley lowered their FY2017 earnings estimates for Sequential Brands Group in a research note issued to investors on Thursday. Cowen & Co maintained the stock with "Hold" rating in Thursday, July 27 report. On Wednesday, June 28 the stock rating was downgraded by C.L. King to "Hold". CL King downgraded Sequential Brands Group Inc (NASDAQ:SQBG) on Wednesday, June 28 to "Neutral" rating. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. The company was maintained on Monday, November 23 by Roth Capital.

Among 9 analysts covering Sequential Brands Group (NASDAQ:SQBG), 5 have Buy rating, 0 Sell and 4 Hold. The firm has "Buy" rating given on Monday, November 6 by FBR Capital.

The Company's brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The business's revenue for the quarter was down 7.1% on a year-over-year basis. analysts forecast that Sequential Brands Group will post 0.5 earnings per share for the current fiscal year. The Jessica Simpson Collection is a signature lifestyle concept designed in collaboration with Jessica Simpson, which offers various product categories, including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls clothing and a home line.


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