Iconix Brand Group, Inc. (ICON) Receives Consensus Rating of “Hold” from Analysts
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.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/08/iconix-brand-group-inc-icon-receives-consensus-rating-of-hold-from-analysts.html.
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.
Receive News & Ratings for Iconix Brand Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.