Why Sequential Brands Group (SQBG) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Sequential Brands Group, Inc.  (SQBG) are up 3.41% to $13.35 in early trading on Monday after Roth Capital Partners boosted its price target to $16.00 from $10.00 and said its purchase of Galaxy Brand Holdings is a move that could be highly accretive.

Must Read: Warren Buffett's 25 Favorite Stocks

Separately, TheStreet Ratings team rates SEQUENTIAL BRANDS GROUP INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate SEQUENTIAL BRANDS GROUP INC (SQBG) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."

If you liked this article you might like

Staples Expanding Martha Stewart Brand Exclusives

3 Ways to Play a Retail Rise

3 Stocks for Growth in 2017

2 Turnaround Stories Starting to Turn

4 Retail Stocks to Buy Into Holiday Season