Iconix Brand Group Inc (NASDAQ:ICON) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.17.

Several research firms recently commented on ICON. Zacks Investment Research upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Roth Capital set a $13.00 price objective on shares of Iconix Brand Group and gave the stock a “buy” rating in a research report on Thursday, May 11th. BidaskClub lowered shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. FBR & Co reiterated an “outperform” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a research report on Tuesday, July 11th. Finally, Cowen and Company reiterated a “hold” rating and issued a $9.00 price objective on shares of Iconix Brand Group in a research report on Monday.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICON. New York State Teachers Retirement System raised its position in Iconix Brand Group by 3.9% in the first quarter. New York State Teachers Retirement System now owns 122,036 shares of the brand management company’s stock worth $918,000 after buying an additional 4,600 shares during the period. Stevens Capital Management LP raised its position in Iconix Brand Group by 206.8% in the first quarter. Stevens Capital Management LP now owns 53,661 shares of the brand management company’s stock worth $404,000 after buying an additional 36,172 shares during the period. Principal Financial Group Inc. raised its position in Iconix Brand Group by 3.6% in the first quarter. Principal Financial Group Inc. now owns 426,624 shares of the brand management company’s stock worth $3,208,000 after buying an additional 14,997 shares during the period. First Midwest Bank Trust Division raised its position in Iconix Brand Group by 4.3% in the first quarter. First Midwest Bank Trust Division now owns 16,360 shares of the brand management company’s stock worth $123,000 after buying an additional 667 shares during the period. Finally, CNA Financial Corp raised its position in Iconix Brand Group by 0.5% in the first quarter. CNA Financial Corp now owns 94,087 shares of the brand management company’s stock worth $708,000 after buying an additional 500 shares during the period. Institutional investors own 83.58% of the company’s stock.

Iconix Brand Group (ICON) traded down 0.54% during trading on Monday, reaching $5.55. 394,236 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $6.53 and its 200-day moving average price is $7.29. The stock’s market cap is $316.69 million. Iconix Brand Group has a one year low of $5.37 and a one year high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Wednesday, August 9th. The brand management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. Iconix Brand Group had a net margin of 11.73% and a return on equity of 4.70%. The business had revenue of $64.60 million for the quarter, compared to analyst estimates of $61 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was down 32.5% compared to the same quarter last year. On average, equities analysts anticipate that Iconix Brand Group will post $0.69 earnings per share for the current fiscal year.

About Iconix Brand Group

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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