Iconix Brand Group (NASDAQ:ICON) Upgraded by ValuEngine to Sell

Iconix Brand Group (NASDAQ:ICON) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

Shares of NASDAQ:ICON opened at $1.75 on Friday. The business has a 50 day moving average of $2.02 and a 200-day moving average of $1.40. Iconix Brand Group has a 12-month low of $0.65 and a 12-month high of $5.40.

An institutional investor recently raised its position in Iconix Brand Group stock. Vanguard Group Inc. increased its holdings in Iconix Brand Group, Inc. (NASDAQ:ICON) by 97.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,356 shares of the brand management company’s stock after buying an additional 109,959 shares during the period. Vanguard Group Inc. owned 2.07% of Iconix Brand Group worth $190,000 as of its most recent SEC filing. 9.70% of the stock is owned by institutional investors and hedge funds.

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.

See Also: How liquidity affects the bid-ask spread

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Iconix Brand Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group and related companies with MarketBeat.com's FREE daily email newsletter.