Iconix Brand Group, Inc. (NASDAQ:ICON) has earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.17.

Several brokerages recently issued reports on ICON. BidaskClub upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Roth Capital set a $13.00 price target on Iconix Brand Group and gave the company a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Monday, July 17th. FBR & Co reaffirmed an “outperform” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a report on Wednesday, August 9th. Finally, Cowen and Company set a $9.00 price objective on Iconix Brand Group and gave the company a “hold” rating in a report on Monday, August 14th.

Shares of Iconix Brand Group (NASDAQ:ICON) opened at 5.75 on Friday. The stock’s market cap is $328.27 million. The stock has a 50 day moving average price of $5.92 and a 200-day moving average price of $6.71. Iconix Brand Group has a 52 week low of $4.79 and a 52 week high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The firm had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $61 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The firm’s revenue for the quarter was down 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Equities analysts predict that Iconix Brand Group will post $0.67 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in ICON. Brandes Investment Partners LP boosted its holdings in Iconix Brand Group by 20.2% in the 1st quarter. Brandes Investment Partners LP now owns 13,378 shares of the brand management company’s stock valued at $101,000 after purchasing an additional 2,248 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in Iconix Brand Group in the 1st quarter valued at approximately $108,000. Cubist Systematic Strategies LLC boosted its holdings in Iconix Brand Group by 20.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock valued at $112,000 after purchasing an additional 2,797 shares in the last quarter. AHL Partners LLP purchased a new stake in Iconix Brand Group in the 2nd quarter valued at approximately $118,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Iconix Brand Group by 5.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,869 shares of the brand management company’s stock valued at $123,000 after purchasing an additional 876 shares in the last quarter. 82.89% of the stock is currently owned by institutional investors.

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, 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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