Iconix Brand Group, Inc. (ICON) Receives Average Recommendation of “Hold” from Analysts

Iconix Brand Group, Inc. (NASDAQ:ICON) has received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.00.

ICON has been the subject of a number of research reports. ValuEngine raised Iconix Brand Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. FBR & Co reissued a “buy” rating and set a $8.50 price objective on shares of Iconix Brand Group in a research note on Thursday, September 14th. Roth Capital set a $2.00 price objective on Iconix Brand Group and gave the stock a “hold” rating in a research note on Thursday, December 7th. B. Riley reissued a “neutral” rating and set a $4.00 price objective (down from $8.50) on shares of Iconix Brand Group in a research note on Wednesday, November 1st. Finally, Sidoti started coverage on Iconix Brand Group in a research note on Tuesday, September 19th. They set a “neutral” rating and a $6.00 price objective for the company.

Iconix Brand Group (NASDAQ ICON) opened at $1.48 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $79.91, a price-to-earnings ratio of 1.35 and a beta of 1.38. Iconix Brand Group has a one year low of $1.36 and a one year high of $10.80.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Iconix Brand Group by 8.4% during the 2nd quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock worth $42,871,000 after acquiring an additional 481,845 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Iconix Brand Group by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock valued at $160,000 after purchasing an additional 300 shares in the last quarter. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Iconix Brand Group by 57.2% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,190,598 shares of the brand management company’s stock valued at $6,775,000 after purchasing an additional 433,018 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Iconix Brand Group in the second quarter valued at $707,000. Finally, Virtu KCG Holdings LLC lifted its holdings in shares of Iconix Brand Group by 110.8% in the second quarter. Virtu KCG Holdings LLC now owns 53,565 shares of the brand management company’s stock valued at $370,000 after purchasing an additional 28,151 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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