Iconix Brand Group, Inc. (NASDAQ:ICON) fell 0.8% during mid-day trading on Thursday . The company traded as low as $1.25 and last traded at $1.27. 263,330 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 2,752,119 shares. The stock had previously closed at $1.28.
A number of brokerages recently issued reports on ICON. Roth Capital set a $2.00 price objective on shares of Iconix Brand Group and gave the company a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research lowered shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Finally, ValuEngine raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Iconix Brand Group has an average rating of “Hold” and an average price target of $5.00.
The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of -5.92. The company has a market cap of $73.23, a P/E ratio of -0.09 and a beta of 1.08.
Iconix Brand Group (NASDAQ:ICON) last announced its earnings results 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. The company had revenue of $53.17 million during the quarter, compared to analyst estimates of $53.20 million. Iconix Brand Group had a negative net margin of 311.99% and a positive return on equity of 17.65%. research analysts predict that Iconix Brand Group, Inc. will post 0.7 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. ING Groep NV purchased a new position in Iconix Brand Group during the third quarter worth about $11,096,000. Smith Graham & Co. Investment Advisors LP boosted its stake in Iconix Brand Group by 75.1% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 2,084,928 shares of the brand management company’s stock worth $2,690,000 after buying an additional 894,330 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Iconix Brand Group by 5.2% during the second quarter. Public Employees Retirement System of Ohio now owns 17,869 shares of the brand management company’s stock worth $123,000 after buying an additional 876 shares during the period. Northern Trust Corp boosted its stake in Iconix Brand Group by 8.8% during the second quarter. Northern Trust Corp now owns 1,020,317 shares of the brand management company’s stock worth $7,051,000 after buying an additional 82,924 shares during the period. Finally, Voya Investment Management LLC boosted its stake in Iconix Brand Group by 21.4% during the second quarter. Voya Investment Management LLC now owns 24,215 shares of the brand management company’s stock worth $167,000 after buying an additional 4,274 shares during the period. 68.61% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Iconix Brand Group (ICON) Shares Down 0.8%” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/10/iconix-brand-group-icon-shares-down-0-8.html.
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.
Receive News & Ratings for Iconix Brand Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group and related companies with MarketBeat.com's FREE daily email newsletter.