Iconix Brand Group Inc. (ICON) Sees Large Volume Increase
Iconix Brand Group Inc. (NASDAQ:ICON) saw strong trading volume on Monday . 903,134 shares traded hands during trading, an increase of 2% from the previous session’s volume of 881,278 shares.The stock last traded at $8.83 and had previously closed at $8.05.
Separately, Zacks Investment Research upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.
The stock’s market cap is $498.40 million. The firm’s 50-day moving average price is $7.08 and its 200-day moving average price is $7.66.
Iconix Brand Group (NASDAQ:ICON) last posted its earnings results on Thursday, August 4th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The firm had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $97.02 million. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, equities analysts expect that Iconix Brand Group Inc. will post $1.19 earnings per share for the current year.
In related news, EVP David Blumberg sold 11,000 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $7.61, for a total transaction of $83,710.00. Following the completion of the sale, the executive vice president now owns 138,515 shares of the company’s stock, valued at $1,054,099.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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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