Sequential Brands Group, Inc. (SQBG) was a big mover last session, as the company saw its shares surge over 12% on the day. This rally higher can be attributable to the news of the company purchasing a majority stake in celebrity Jessica Simpson’s brand. This led to solid volume with far more shares changing hands than in a normal session. This continues the most recent uptrend of the company, as the stock is now up 35.5% in the past one-month time frame.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Sequential Brands currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
An attractive stock in the same industry worth considering includes Skechers USA Inc. (SKX) carrying a Zacks Rank #1 (Strong Buy).
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