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Iconix Brand Group (NASDAQ:ICON) Insider David Blumberg sold 20,000 shares of the stock on the open market in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $42.14, for a total value of $842,800.00. Following the completion of the sale, the insider now directly owns 117,097 shares of the company’s stock, valued at approximately $4,934,468. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Iconix Brand Group (NASDAQ:ICON) traded down 0.50% on Friday, hitting $42.02. The stock had a trading volume of 376,535 shares. Iconix Brand Group has a 1-year low of $31.40 and a 1-year high of $44.81. The stock’s 50-day moving average is $42.61 and its 200-day moving average is $40.52. The company has a market cap of $1.925 billion and a price-to-earnings ratio of 16.43.

Iconix Brand Group (NASDAQ:ICON) last announced its earnings results on Tuesday, July 29th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $116.04 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Iconix Brand Group will post $2.67 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Cowen and Company initiated coverage on shares of Iconix Brand Group in a research note on Friday, July 25th. They set an “outperform” rating and a $52.00 price target 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.35.

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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