New York State Teachers Retirement System raised its position in Iconix Brand Group Inc (NASDAQ:ICON) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,436 shares of the textile maker’s stock after buying an additional 300 shares during the period. New York State Teachers Retirement System owned 0.21% of Iconix Brand Group worth $1,097,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Trexquant Investment LP purchased a new position in Iconix Brand Group during the fourth quarter worth about $135,000. Louisiana State Employees Retirement System boosted its position in Iconix Brand Group by 15.3% in the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the textile maker’s stock worth $201,000 after buying an additional 3,300 shares during the period. Arizona State Retirement System boosted its position in Iconix Brand Group by 15.5% in the third quarter. Arizona State Retirement System now owns 29,060 shares of the textile maker’s stock worth $236,000 after buying an additional 3,900 shares during the period. First Trust Advisors LP purchased a new position in Iconix Brand Group during the third quarter worth about $248,000. Finally, Aperio Group LLC boosted its position in Iconix Brand Group by 108.7% in the third quarter. Aperio Group LLC now owns 32,329 shares of the textile maker’s stock worth $263,000 after buying an additional 16,841 shares during the period. Hedge funds and other institutional investors own 84.72% of the company’s stock.
Iconix Brand Group Inc (NASDAQ:ICON) traded down 2.66% during mid-day trading on Friday, reaching $7.32. 384,174 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $7.36 and a 200-day moving average of $8.63. Iconix Brand Group Inc has a 12 month low of $6.26 and a 12 month high of $10.80. The firm’s market cap is $416.88 million.
Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Wednesday, February 22nd. The textile maker reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.28. The business had revenue of $87.10 million for the quarter, compared to the consensus estimate of $84.40 million. Iconix Brand Group had a negative net margin of 57.88% and a positive return on equity of 8.59%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. Analysts anticipate that Iconix Brand Group Inc will post $0.80 earnings per share for the current year.
ICON has been the subject of a number of research analyst reports. Roth Capital set a $13.00 target price on shares of Iconix Brand Group and gave the company a “buy” rating in a research note on Thursday, February 23rd. Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Friday, January 6th.
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, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment 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, Sharper Image, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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