Iconix Brand Group, Inc. (NASDAQ:ICON) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.00.
A number of equities research analysts recently weighed in on ICON shares. Roth Capital set a $2.00 price target on Iconix Brand Group and gave the stock a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research cut Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, ValuEngine raised Iconix Brand Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in 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 valued at $42,871,000 after buying an additional 481,845 shares in the last quarter. ING Groep NV purchased a new stake in Iconix Brand Group in the 3rd quarter valued at approximately $11,096,000. Smith Graham & Co. Investment Advisors LP lifted its stake in 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 valued at $2,690,000 after buying an additional 894,330 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Iconix Brand Group by 5.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,869 shares of the brand management company’s stock valued at $123,000 after buying an additional 876 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Iconix Brand Group by 8.8% in the 2nd quarter. Northern Trust Corp now owns 1,020,317 shares of the brand management company’s stock valued at $7,051,000 after buying an additional 82,924 shares in the last quarter. 68.61% of the stock is currently owned by hedge funds and other institutional investors.
Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings results on Friday, December 22nd. The brand management company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $53.17 million for the quarter, compared to analysts’ expectations of $53.20 million. Iconix Brand Group had a positive return on equity of 17.65% and a negative net margin of 311.99%. equities analysts expect that Iconix Brand Group will post 0.7 earnings per share for the current fiscal year.
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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.
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