ValuEngine Upgrades Iconix Brand Group (ICON) to Buy
Iconix Brand Group (NASDAQ:ICON) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Other equities research analysts have also recently issued research reports about the company. FBR & Co reiterated an “outperform” rating and set a $8.50 price objective on shares of Iconix Brand Group in a research note on Wednesday, August 9th. Sidoti began coverage on Iconix Brand Group in a research note on Tuesday, September 19th. They set a “neutral” rating and a $6.00 price objective on the stock. Roth Capital cut Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 price objective on the stock. in a research note on Monday, October 30th. B. Riley reiterated a “neutral” rating and set a $4.00 price objective (down previously from $8.50) on shares of Iconix Brand Group in a research note on Wednesday, November 1st. Finally, Cowen set a $9.00 price objective on Iconix Brand Group and gave the stock a “hold” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.00.
Shares of Iconix Brand Group (NASDAQ ICON) traded down $0.01 during trading on Friday, hitting $1.87. The stock had a trading volume of 1,147,564 shares, compared to its average volume of 3,314,355. Iconix Brand Group has a one year low of $1.44 and a one year high of $10.80. The company has a market cap of $106.74, a PE ratio of 1.80 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.27.
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Iconix Brand Group Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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