Iconix Brand Group Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:ICON)
Shares of Iconix Brand Group (NASDAQ:ICON) have earned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, StockRatingsNetwork.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $41.59.
Iconix Brand Group (NASDAQ:ICON) traded down 1.47% during mid-day trading on Thursday, hitting $43.00. The stock had a trading volume of 86,657 shares. Iconix Brand Group has a 52-week low of $27.90 and a 52-week high of $44.81. The stock’s 50-day moving average is $41.78 and its 200-day moving average is $39.70. The company has a market cap of $1.969 billion and a price-to-earnings ratio of 16.61.
Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Iconix Brand Group will post $2.63 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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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