Iconix Brand Group (NASDAQ:ICON) issued its earnings results on Friday. The brand management company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04), MarketWatch Earnings reports. Iconix Brand Group had a negative return on equity of 52.93% and a negative net margin of 281.71%. The company had revenue of $46.22 million during the quarter. Iconix Brand Group updated its FY 2018 guidance to EPS.
Shares of ICON traded down $0.04 during mid-day trading on Friday, reaching $0.17. The company had a trading volume of 5,901,328 shares, compared to its average volume of 1,536,186. Iconix Brand Group has a twelve month low of $0.14 and a twelve month high of $2.56. The stock has a market cap of $14.35 million, a PE ratio of 0.40 and a beta of 1.14.
In other news, Chairman F Peter Cuneo sold 179,992 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $0.26, for a total value of $46,797.92. Following the completion of the transaction, the chairman now directly owns 329,949 shares of the company’s stock, valued at approximately $85,786.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Paloma Partners Management Co grew its position in Iconix Brand Group by 610.7% during the 2nd quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock worth $142,000 after acquiring an additional 209,581 shares during the last quarter. Jane Street Group LLC bought a new stake in Iconix Brand Group during the 2nd quarter worth approximately $147,000. Finally, Nomura Holdings Inc. grew its position in Iconix Brand Group by 22.2% during the 2nd quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock worth $631,000 after acquiring an additional 196,793 shares during the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.
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.
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