B. Riley Reiterates “Neutral” Rating for Iconix Brand Group, Inc. (ICON)

B. Riley restated their neutral rating on shares of Iconix Brand Group, Inc. (NASDAQ:ICON) in a research report report published on Wednesday, November 1st. They currently have a $4.00 price objective on the brand management company’s stock, down from their prior price objective of $8.50.

A number of other research analysts have also weighed in on the company. Roth Capital lowered Iconix Brand Group from a buy rating to a neutral rating and set a $2.00 target price on the stock. in a report on Monday, October 30th. FBR & Co downgraded Iconix Brand Group from a buy rating to a neutral rating and reduced their price target for the company from $8.50 to $4.00 in a research note on Monday, October 30th. Sidoti assumed coverage on Iconix Brand Group in a research note on Tuesday, September 19th. They issued a neutral rating and a $6.00 price target for the company. Cowen and Company set a $9.00 price target on Iconix Brand Group and gave the company a hold rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded Iconix Brand Group from a sell rating to a strong sell rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $5.00.

Iconix Brand Group (NASDAQ:ICON) opened at $2.16 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $137.56, a P/E ratio of 1.73 and a beta of 1.30. Iconix Brand Group has a 1-year low of $1.44 and a 1-year high of $10.80.

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Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Iconix Brand Group by 8.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock valued at $42,871,000 after acquiring an additional 481,845 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Iconix Brand Group by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,741,989 shares of the brand management company’s stock valued at $35,659,000 after acquiring an additional 501,393 shares during the period. Van Berkom & Associates Inc. lifted its position in shares of Iconix Brand Group by 7.2% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,695,624 shares of the brand management company’s stock valued at $18,627,000 after acquiring an additional 180,723 shares during the period. ING Groep NV bought a new stake in shares of Iconix Brand Group during the 3rd quarter valued at $11,096,000. Finally, State Street Corp lifted its position in shares of Iconix Brand Group by 1.7% during the 2nd quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock valued at $9,015,000 after acquiring an additional 22,222 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.

Iconix Brand Group Company Profile

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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