Iconix Brand Group, Inc. (NASDAQ:ICON) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.00.
A number of research firms recently issued reports on ICON. FBR & Co lowered Iconix Brand Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.50 to $4.00 in a research note on Monday, October 30th. ValuEngine upgraded Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Roth Capital restated a “neutral” rating on shares of Iconix Brand Group in a research report on Tuesday, October 31st. B. Riley restated a “neutral” rating and set a $4.00 target price (down from $8.50) on shares of Iconix Brand Group in a research report on Wednesday, November 1st. Finally, Zacks Investment Research cut Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
A number of institutional investors have recently bought and sold shares of ICON. ING Groep NV purchased a new position in Iconix Brand Group during the third quarter worth about $11,096,000. Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Iconix Brand Group by 75.1% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 2,084,928 shares of the brand management company’s stock worth $2,690,000 after purchasing an additional 894,330 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Iconix Brand Group by 69.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,261,575 shares of the brand management company’s stock worth $1,628,000 after purchasing an additional 516,276 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Iconix Brand Group by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock worth $42,871,000 after purchasing an additional 481,845 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Iconix Brand Group in the 4th quarter worth about $495,000. Institutional investors and hedge funds own 86.89% of the company’s stock.
Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Friday, December 22nd. The brand management company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Iconix Brand Group had a positive return on equity of 17.65% and a negative net margin of 311.99%. The company had revenue of $53.17 million for the quarter, compared to analyst estimates of $53.20 million. sell-side analysts predict that Iconix Brand Group will post 0.65 EPS for the current fiscal year.
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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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