Iconix Brand Group Reaches New 12-Month High at $44.25 (ICON)
Shares of Iconix Brand Group (NASDAQ:ICON) hit a new 52-week high during trading on Friday , AR Network reports. The company traded as high as $44.25 and last traded at $44.17, with a volume of 163,406 shares traded. The stock had previously closed at $43.54.
ICON has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Iconix Brand Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $44.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Iconix Brand Group in a research note on Thursday, May 1st. They now have a $44.00 price target on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Iconix Brand Group from $40.00 to $46.00 in a research note on Thursday, May 1st. They now have a “not rated” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.59.
The stock’s 50-day moving average is $41.30 and its 200-day moving average is $39.52. The company has a market cap of $2.022 billion and a price-to-earnings ratio of 16.57.
Iconix Brand Group (NASDAQ:ICON) last released its earnings data on Wednesday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.09. The company had revenue of $116.10 million for the quarter, compared to the consensus estimate of $109.22 million. During the same quarter last year, the company posted $0.54 earnings per share. Iconix Brand Group’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Iconix Brand Group will post $2.63 EPS for the current fiscal year.
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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