Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.00.
A number of research firms have weighed in on ICON. Sidoti began coverage on Iconix Brand Group in a report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 target price on the stock. FBR & Co reiterated a “buy” rating and set a $8.50 target price on shares of Iconix Brand Group in a report on Thursday, September 14th. ValuEngine upgraded Iconix Brand Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Roth Capital reiterated a “neutral” rating on shares of Iconix Brand Group in a report on Tuesday, October 31st. Finally, B. Riley reiterated a “neutral” rating and set a $4.00 target price (down previously from $8.50) on shares of Iconix Brand Group in a report on Wednesday, November 1st.
Iconix Brand Group (ICON) traded down $0.05 during mid-day trading on Friday, hitting $1.41. The company’s stock had a trading volume of 1,437,600 shares, compared to its average volume of 1,103,187. Iconix Brand Group has a 1 year low of $1.36 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $80.48, a P/E ratio of 1.40 and a beta of 1.38.
Hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV bought a new position in shares of Iconix Brand Group during the 3rd quarter valued at $11,096,000. Vanguard Group Inc. lifted its holdings 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 buying an additional 481,845 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Iconix Brand Group by 57.2% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,190,598 shares of the brand management company’s stock valued at $6,775,000 after buying an additional 433,018 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Iconix Brand Group during the 2nd quarter valued at $842,000. Finally, Permit Capital LLC lifted its holdings in shares of Iconix Brand Group by 16.6% during the 2nd quarter. Permit Capital LLC now owns 774,927 shares of the brand management company’s stock valued at $5,355,000 after buying an additional 110,400 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.
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About Iconix Brand Group
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.
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