Iconix Brand Group (ICON) Sets New 52-Week High and Low at $1.01

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.

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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.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Wednesday, March 14th. The brand management company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Iconix Brand Group had a negative net margin of 217.71% and a positive return on equity of 20.17%. The company had revenue of $52.30 million for the quarter, compared to analyst estimates of $51.50 million. During the same quarter in the prior year, the business posted $0.38 EPS. equities research analysts expect that Iconix Brand Group, Inc. will post 0.4 earnings per share for the current year.

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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