Iconix Brand Group, Inc. (NASDAQ:ICON) shares reached a new 52-week high and low on Tuesday . The company traded as low as $0.87 and last traded at $0.88, with a volume of 1768514 shares trading hands. The stock had previously closed at $0.96.
A number of research analysts have recently weighed in on the stock. Roth Capital set a $2.00 target price on shares of Iconix Brand Group and gave the company a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research downgraded shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Guggenheim reissued a “hold” rating on shares of Iconix Brand Group in a research report on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $4.33.
The stock has a market cap of $59.28, a price-to-earnings ratio of 1.21 and a beta of 1.13. The company has a debt-to-equity ratio of -14.84, a quick ratio of 2.07 and a current ratio of 2.07.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP boosted its holdings in Iconix Brand Group by 46.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 149,954 shares of the brand management company’s stock worth $859,000 after buying an additional 47,621 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Iconix Brand Group by 7.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 745,299 shares of the brand management company’s stock worth $4,241,000 after buying an additional 54,520 shares during the period. Spark Investment Management LLC bought a new position in Iconix Brand Group in the 4th quarter worth approximately $187,000. Arrowstreet Capital Limited Partnership bought a new position in Iconix Brand Group in the 4th quarter worth approximately $495,000. Finally, Two Sigma Investments LP bought a new position in Iconix Brand Group in the 4th quarter worth approximately $528,000. 61.54% of the stock is owned by institutional investors.
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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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