Stock analysts at Sidoti assumed coverage on shares of Iconix Brand Group, Inc. (NASDAQ:ICON) in a report released on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the brand management company’s stock.

Other equities analysts have also issued research reports about the company. FBR & Co reiterated a “buy” rating and set a $8.50 price objective on shares of Iconix Brand Group in a research note on Thursday, September 14th. BidaskClub upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Cowen and Company set a $9.00 price target on Iconix Brand Group and gave the company a “hold” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.17.

Iconix Brand Group (NASDAQ ICON) traded down 2.55% during trading on Tuesday, hitting $5.73. The stock had a trading volume of 763,909 shares. Iconix Brand Group has a 52-week low of $4.79 and a 52-week high of $10.80. The firm’s 50-day moving average price is $5.68 and its 200-day moving average price is $6.57. The company’s market cap is $327.13 million.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. The business had revenue of $64.60 million during the quarter, compared to analyst estimates of $61.00 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The company’s revenue was down 32.5% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Analysts predict that Iconix Brand Group will post $0.67 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in shares of 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. California State Teachers Retirement System increased its stake in shares of Iconix Brand Group by 5.2% in the 2nd quarter. California State Teachers Retirement System now owns 88,745 shares of the brand management company’s stock valued at $613,000 after purchasing an additional 4,400 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Iconix Brand Group by 18.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,323 shares of the brand management company’s stock valued at $286,000 after purchasing an additional 6,431 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of 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. Finally, State Street Corp increased its stake in shares of Iconix Brand Group by 1.7% in the 2nd quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock valued at $9,015,000 after purchasing an additional 22,222 shares in the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.

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.

The Fly

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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