Deutsche Bank AG trimmed its holdings in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 69.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,026 shares of the brand management company’s stock after selling 288,864 shares during the period. Deutsche Bank AG owned approximately 0.22% of Iconix Brand Group worth $161,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Spark Investment Management LLC acquired a new position in Iconix Brand Group during the fourth quarter valued at $187,000. Arrowstreet Capital Limited Partnership acquired a new position in Iconix Brand Group during the fourth quarter valued at $495,000. Schwab Charles Investment Management Inc. raised its position in 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 buying an additional 516,276 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP raised its position 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 valued at $2,690,000 after buying an additional 894,330 shares during the period. 49.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ ICON opened at $0.64 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of -72.19. Iconix Brand Group, Inc. has a one year low of $0.58 and a one year high of $7.06. The stock has a market capitalization of $44.77 million, a price-to-earnings ratio of 1.03 and a beta of 1.14.
Iconix Brand Group (NASDAQ:ICON) last issued its earnings results on Friday, May 4th. The brand management company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Iconix Brand Group had a positive return on equity of 39.97% and a negative net margin of 210.83%. The firm had revenue of $48.55 million for the quarter, compared to the consensus estimate of $49.91 million. equities research analysts anticipate that Iconix Brand Group, Inc. will post 0.4 EPS for the current fiscal year.
Several research analysts recently weighed in on ICON shares. Zacks Investment Research raised 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 target on Iconix Brand Group and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Guggenheim reissued a “hold” rating on shares of Iconix Brand Group in a research report on Friday, March 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.33.
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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