Iconix Brand Group Inc. (ICON) Trading 3.5% Higher
Iconix Brand Group Inc. (NASDAQ:ICON) traded up 3.5% on Thursday . The company traded as high as $8.03 and last traded at $7.99, with a volume of 679,625 shares. The stock had previously closed at $7.72.
Separately, Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Iconix Brand Group presently has a consensus rating of “Hold” and a consensus price target of $13.15.
The stock’s 50-day moving average price is $7.00 and its 200 day moving average price is $7.61. The stock’s market capitalization is $449.01 million.
Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates of $97.02 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts forecast that Iconix Brand Group Inc. will post $1.14 EPS for the current year.
In other Iconix Brand Group news, EVP David Blumberg sold 11,000 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $7.61, for a total transaction of $83,710.00. Following the sale, the executive vice president now directly owns 138,515 shares in the company, valued at $1,054,099.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Iconix Brand Group, Inc is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s, men’s, entertainment and home. The Company’s brand portfolio includes Candie’s, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific (OP), Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Sharper Image, Umbro, Lee Cooper, Ecko Unltd., Marc Ecko and Strawberry Shortcake.
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