Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.00.

Several research analysts have recently issued reports on the stock. Roth Capital cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a report on Monday, October 30th. Zacks Investment Research cut shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. FBR & Co reiterated a “buy” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a report on Thursday, September 14th. Sidoti assumed coverage on shares of Iconix Brand Group in a report on Tuesday, September 19th. They issued a “neutral” rating and a $6.00 price objective for the company. Finally, ValuEngine upgraded shares of Iconix Brand Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Iconix Brand Group (NASDAQ ICON) opened at $1.22 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of -5.92. The stock has a market cap of $69.80, a P/E ratio of -0.08 and a beta of 1.40. Iconix Brand Group has a 1-year low of $1.16 and a 1-year high of $10.80.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Iconix Brand Group by 8.4% during the second quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock worth $42,871,000 after buying an additional 481,845 shares in the last quarter. ING Groep NV bought a new stake in Iconix Brand Group during the third quarter worth approximately $11,096,000. State Street Corp boosted its holdings in Iconix Brand Group by 1.7% during the second quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock worth $9,015,000 after buying an additional 22,222 shares in the last quarter. Smith Graham & Co. Investment Advisors LP boosted its holdings in Iconix Brand Group by 57.2% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,190,598 shares of the brand management company’s stock worth $6,775,000 after buying an additional 433,018 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Iconix Brand Group by 8.8% during the second quarter. Northern Trust Corp now owns 1,020,317 shares of the brand management company’s stock worth $7,051,000 after buying an additional 82,924 shares in the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

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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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