Iconix Brand Group (NASDAQ:ICON)‘s stock had its “hold” rating reaffirmed by analysts at Guggenheim in a research report issued on Friday.
The analysts wrote, “We remain NEUTRAL-rated given the multiple headwinds facing the business and wait for additional clarity around the company’s return to top-line stabilization.””
Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Roth Capital set a $2.00 price objective on shares of Iconix Brand Group and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $5.00.
Iconix Brand Group (NASDAQ:ICON) traded down $0.05 during trading on Friday, hitting $1.33. 2,909,226 shares of the company traded hands, compared to its average volume of 2,638,281. Iconix Brand Group has a 1-year low of $1.10 and a 1-year high of $8.30. 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 stock has a market cap of $80.85, a price-to-earnings ratio of -0.15 and a beta of 1.08.
Iconix Brand Group (NASDAQ:ICON) last released its earnings results on Wednesday, March 14th. The brand management company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. The company had revenue of $52.30 million for the quarter, compared to analyst estimates of $51.50 million. Iconix Brand Group had a negative net margin of 217.71% and a positive return on equity of 14.31%. During the same period in the prior year, the firm earned $0.38 EPS. research analysts forecast that Iconix Brand Group will post 0.15 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of ICON. ING Groep NV bought a new stake in Iconix Brand Group in the third quarter valued at $11,096,000. Smith Graham & Co. Investment Advisors LP increased its holdings in shares of 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 valued at $2,690,000 after purchasing an additional 894,330 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Iconix Brand Group by 69.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,261,575 shares of the brand management company’s stock valued at $1,628,000 after purchasing an additional 516,276 shares during the period. Millennium Management LLC acquired a new position in shares of Iconix Brand Group during the fourth quarter valued at $636,000. Finally, Two Sigma Investments LP acquired a new position in shares of Iconix Brand Group during the fourth quarter valued at $528,000. Institutional investors own 68.61% of the company’s stock.
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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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