Somewhat Negative News Coverage Somewhat Unlikely to Impact Iconix Brand Group (NASDAQ:ICON) Share Price

News headlines about Iconix Brand Group (NASDAQ:ICON) have trended somewhat negative recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iconix Brand Group earned a news sentiment score of -0.07 on Accern’s scale. Accern also assigned media stories about the brand management company an impact score of 45.2952998910844 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

Several research firms have recently issued reports on ICON. Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Roth Capital set a $2.00 price objective on Iconix Brand Group and gave the company a “hold” rating in a research report on Thursday, December 7th. ValuEngine upgraded Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley reiterated a “neutral” rating and issued a $4.00 price objective (down from $8.50) on shares of Iconix Brand Group in a research report on Wednesday, November 1st. Finally, FBR & Co lowered Iconix Brand Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.50 to $4.00 in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $5.00.

Shares of Iconix Brand Group (NASDAQ:ICON) opened at $1.73 on Tuesday. The company has a market capitalization of $98.98, a P/E ratio of -0.11 and a beta of 1.29. The company has a debt-to-equity ratio of -5.92, a current ratio of 0.69 and a quick ratio of 0.69. Iconix Brand Group has a 12 month low of $1.10 and a 12 month high of $9.79.

Iconix Brand Group (NASDAQ:ICON) last released its earnings results on Friday, December 22nd. The brand management company reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. Iconix Brand Group had a positive return on equity of 17.65% and a negative net margin of 311.99%. The firm had revenue of $53.17 million for the quarter, compared to analysts’ expectations of $53.20 million. equities research analysts expect that Iconix Brand Group will post 0.65 earnings per share for the current fiscal year.

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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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