Iconix Brand Group Receives Average Rating of “Buy” from Brokerages (NASDAQ:ICON)
Iconix Brand Group (NASDAQ:ICON) has earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, Stock Ratings Network reports. Three research 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 $45.59.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Iconix Brand Group in a research note on Thursday, August 14th. They now have a $43.00 price target on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Iconix Brand Group in a research note on Tuesday, August 5th. They set a “hold” rating and a $42.00 price target on the stock. Finally, 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.
Iconix Brand Group (NASDAQ:ICON) remained flat at $41.56 during trading on Thursday. The stock had a trading volume of 10,638 shares. Iconix Brand Group has a 52-week low of $31.40 and a 52-week high of $44.81. The stock’s 50-day moving average is $41.87 and its 200-day moving average is $41.25. The company has a market cap of $1.996 billion and a price-to-earnings ratio of 16.17.
Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Iconix Brand Group will post $2.68 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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