Analysts Set Iconix Brand Group, Inc. (ICON) Target Price at $5.00

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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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