Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) rose 10.9% on Thursday . The company traded as high as $1.36 and last traded at $1.32. Approximately 2,987,590 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 2,332,763 shares. The stock had previously closed at $1.19.
ICON has been the subject of a number of recent analyst reports. FBR & Co reissued a “buy” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a research report on Thursday, September 14th. Sidoti initiated coverage on Iconix Brand Group in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $6.00 price objective for the company. Roth Capital reissued a “neutral” rating on shares of Iconix Brand Group in a research report on Tuesday, October 31st. B. Riley restated a “neutral” rating and issued a $4.00 target price (down previously from $8.50) on shares of Iconix Brand Group in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded Iconix Brand Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Iconix Brand Group presently has an average rating of “Hold” and a consensus price target of $5.00.
The company has a market capitalization of $75.52, a P/E ratio of 1.21 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 0.69 and a debt-to-equity ratio of -5.92.
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About Iconix Brand Group
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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