Northern Trust Corp Purchases 82,924 Shares of Iconix Brand Group, Inc. (ICON)

Northern Trust Corp grew its stake in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,020,317 shares of the brand management company’s stock after buying an additional 82,924 shares during the quarter. Northern Trust Corp owned about 1.79% of Iconix Brand Group worth $7,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ICON. Principal Financial Group Inc. grew its stake in shares of Iconix Brand Group by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 426,624 shares of the brand management company’s stock worth $3,208,000 after purchasing an additional 14,997 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Iconix Brand Group by 30.4% in the 1st quarter. Vanguard Group Inc. now owns 5,722,400 shares of the brand management company’s stock worth $43,032,000 after purchasing an additional 1,335,032 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Iconix Brand Group by 12.8% in the 1st quarter. Geode Capital Management LLC now owns 474,940 shares of the brand management company’s stock worth $3,571,000 after purchasing an additional 53,848 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Iconix Brand Group by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,741,989 shares of the brand management company’s stock worth $35,659,000 after purchasing an additional 501,393 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Iconix Brand Group by 3.9% in the 1st quarter. New York State Teachers Retirement System now owns 122,036 shares of the brand management company’s stock worth $918,000 after purchasing an additional 4,600 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.

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Shares of Iconix Brand Group, Inc. (NASDAQ ICON) opened at $1.80 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.27. The company has a market cap of $102.74, a P/E ratio of 1.73 and a beta of 1.30. Iconix Brand Group, Inc. has a fifty-two week low of $1.44 and a fifty-two week high of $10.80.

Several equities analysts have recently issued reports on the stock. Cowen and Company set a $9.00 price objective on shares of Iconix Brand Group and gave the stock a “hold” rating in a research note on Monday, August 14th. FBR & Co reaffirmed an “outperform” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a research note on Wednesday, August 9th. Roth Capital reaffirmed a “neutral” rating on shares of Iconix Brand Group in a research note on Tuesday, October 31st. BidaskClub cut shares of Iconix Brand Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, B. Riley reissued a “neutral” rating and issued a $4.00 target price (down from $8.50) on shares of Iconix Brand Group in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Iconix Brand Group currently has an average rating of “Hold” and a consensus price target of $5.00.

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, 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.

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

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