Iconix Brand Group Price Target Increased to $37.00 by Analysts at Benchmark Co. (ICON)
Research analysts at Benchmark Co. hoisted their target price on shares of Iconix Brand Group (NASDAQ:ICON) from $33.00 to $37.00 in a report released on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s target price points to a potential upside of 0.87% from the stock’s previous close.
Iconix Brand Group (NASDAQ:ICON) traded up 1.63% during mid-day trading on Wednesday, hitting $36.68. 818,573 shares of the company’s stock traded hands. Iconix Brand Group has a one year low of $18.07 and a one year high of $36.87. The stock’s 50-day moving average is $33.29 and its 200-day moving average is $31.3. The company has a market cap of $1.989 billion and a price-to-earnings ratio of 19.02.
Iconix Brand Group (NASDAQ:ICON) last announced its earnings results on Tuesday, October 29th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.07. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $105.89 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts predict that Iconix Brand Group will post $2.30 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ICON. Analysts at Ned Davis Research downgraded shares of Iconix Brand Group from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 30th. Analysts at Zacks reiterated an “outperform” rating on shares of Iconix Brand Group in a research note to investors on Monday, August 26th. They now have a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.67.
Iconix Brand Group, Inc (NASDAQ:ICON) is a brand management company engaged in licensing, marketing and providing trend direction for a portfolio of consumer brands.
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