Iconix Brand Group, Inc. (NASDAQ:ICON) shares reached a new 52-week high and low on Monday . The stock traded as low as $1.01 and last traded at $1.04, with a volume of 1154925 shares trading hands. The stock had previously closed at $1.11.
Several research firms have weighed in on ICON. Guggenheim reiterated a “hold” rating on shares of Iconix Brand Group in a research note on Friday, March 16th. Zacks Investment Research upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Roth Capital set a $2.00 price objective on shares of Iconix Brand Group and gave the company a “hold” rating in a research note on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Iconix Brand Group currently has a consensus rating of “Hold” and an average price target of $5.00.
The company has a market cap of $70.80, a price-to-earnings ratio of 1.44 and a beta of 1.13. The company has a debt-to-equity ratio of -14.84, a quick ratio of 2.07 and a current ratio of 2.07.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new position in shares of Iconix Brand Group during the 4th quarter worth $636,000. Two Sigma Investments LP bought a new stake in shares of Iconix Brand Group during the 4th quarter worth $528,000. Spark Investment Management LLC bought a new stake in shares of Iconix Brand Group during the 4th quarter worth $187,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Iconix Brand Group during the 4th quarter worth $495,000. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Iconix Brand Group by 75.1% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 2,084,928 shares of the brand management company’s stock worth $2,690,000 after buying an additional 894,330 shares during the period. Institutional investors own 64.10% of the company’s stock.
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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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