Iconix Brand Group, Inc. (ICON) Position Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky continued to hold its stake in Iconix Brand Group, Inc. (NASDAQ:ICON) during the first quarter, Holdings Channel reports. The institutional investor owned 17,500 shares of the brand management company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Iconix Brand Group were worth $132,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Bragg Financial Advisors Inc increased its stake in Iconix Brand Group by 1.1% in the first quarter. Bragg Financial Advisors Inc now owns 170,314 shares of the brand management company’s stock valued at $1,281,000 after buying an additional 1,930 shares during the period. CNA Financial Corp increased its stake in Iconix Brand Group by 0.5% in the first quarter. CNA Financial Corp now owns 94,087 shares of the brand management company’s stock valued at $708,000 after buying an additional 500 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Iconix Brand Group by 8.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 33,176 shares of the brand management company’s stock valued at $249,000 after buying an additional 2,690 shares during the period. Bank of America Corp DE increased its stake in Iconix Brand Group by 23.9% in the first quarter. Bank of America Corp DE now owns 119,585 shares of the brand management company’s stock valued at $899,000 after buying an additional 23,096 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Iconix Brand Group by 10.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 589,567 shares of the brand management company’s stock valued at $4,434,000 after buying an additional 58,137 shares during the period. Institutional investors own 83.58% of the company’s stock.

Shares of Iconix Brand Group, Inc. (NASDAQ ICON) traded down 3.14% during mid-day trading on Friday, reaching $4.94. The company had a trading volume of 381,527 shares. The company’s market capitalization is $282.03 million. The firm’s 50-day moving average is $6.35 and its 200 day moving average is $7.14. Iconix Brand Group, Inc. has a 12 month low of $4.79 and a 12 month high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $64.60 million for the quarter, compared to the consensus estimate of $61 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The business’s revenue was down 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts predict that Iconix Brand Group, Inc. will post $0.67 earnings per share for the current year.

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Several analysts have recently issued reports on the company. Cowen and Company set a $9.00 price target on Iconix Brand Group and gave the stock a “hold” rating in a research note on Monday. BidaskClub downgraded Iconix Brand Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. FBR & Co reiterated an “outperform” rating and set a $8.50 price target on shares of Iconix Brand Group in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Roth Capital set a $13.00 price target on Iconix Brand Group and gave the stock a “buy” rating in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.00.

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, Sharper Image, 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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Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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