Roth Capital set a $2.00 price target on Iconix Brand Group (NASDAQ:ICON) in a report released on Thursday. The brokerage currently has a hold rating on the brand management company’s stock.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Iconix Brand Group from a hold rating to a sell rating in a report on Wednesday, January 3rd. FBR & Co lowered Iconix Brand Group from a buy rating to a neutral rating and decreased their price objective for the stock from $8.50 to $4.00 in a report on Monday, October 30th. B. Riley reissued a neutral rating and set a $4.00 price objective (down previously from $8.50) on shares of Iconix Brand Group in a report on Wednesday, November 1st. Finally, ValuEngine raised Iconix Brand Group from a hold rating to a buy rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $5.00.
Shares of Iconix Brand Group (NASDAQ:ICON) opened at $1.65 on Thursday. Iconix Brand Group has a fifty-two week low of $1.10 and a fifty-two week high of $9.56. The firm has a market capitalization of $94.40, a P/E ratio of -0.11 and a beta of 1.29. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of -5.92.
Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings data on Friday, December 22nd. The brand management company reported $0.24 earnings per share for the quarter, hitting 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 company had revenue of $53.17 million for the quarter, compared to analyst estimates of $53.20 million. research analysts expect that Iconix Brand Group will post 0.7 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its stake in Iconix Brand Group by 20.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock valued at $112,000 after buying an additional 2,797 shares in the last quarter. AHL Partners LLP acquired a new stake in Iconix Brand Group in the 2nd quarter valued at $118,000. Public Employees Retirement System of Ohio boosted its stake in Iconix Brand Group by 5.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,869 shares of the brand management company’s stock valued at $123,000 after buying an additional 876 shares in the last quarter. Voya Investment Management LLC boosted its stake in Iconix Brand Group by 21.4% in the 2nd quarter. Voya Investment Management LLC now owns 24,215 shares of the brand management company’s stock valued at $167,000 after buying an additional 4,274 shares in the last quarter. Finally, Spark Investment Management LLC acquired a new stake in Iconix Brand Group in the 4th quarter valued at $187,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.
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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.
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