Iconix Brand Group Inc. (NASDAQ:ICON) fell 2.6% during trading on Tuesday . The stock traded as low as $8.55 and last traded at $8.65, with a volume of 466,680 shares trading hands. The stock had previously closed at $8.88.

Separately, Zacks Investment Research upgraded Iconix Brand Group from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.67.

The company’s market cap is $487.73 million. The stock has a 50 day moving average price of $7.08 and a 200 day moving average price of $7.66.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $97.02 million. During the same quarter last year, the business earned $0.45 earnings per share. Iconix Brand Group’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts forecast that Iconix Brand Group Inc. will post $1.19 earnings per share for the current year.

In other news, EVP David Blumberg sold 11,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $7.61, for a total transaction of $83,710.00. Following the completion of the transaction, 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 through this hyperlink.

An institutional investor recently raised its position in Iconix Brand Group stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Iconix Brand Group Inc. (NASDAQ:ICON) by 59.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 817,825 shares of the company’s stock after buying an additional 304,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.69% of Iconix Brand Group worth $5,586,000 as of its most recent SEC filing.

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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