Iconix Brand Group Inc. (ICON) Trading Up 2.2%
Iconix Brand Group Inc. (NASDAQ:ICON)’s share price was up 2.2% during mid-day trading on Friday . The stock traded as high as $9.10 and last traded at $9.01, with a volume of 420,332 shares trading hands. The stock had previously closed at $8.82.
Separately, Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.67.
The firm’s 50 day moving average price is $7.31 and its 200 day moving average price is $7.71. The company’s market capitalization is $510.19 million.
Iconix Brand Group (NASDAQ:ICON) last issued its earnings results on Thursday, August 4th. The company reported $0.27 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 analysts’ expectations of $97.02 million. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Equities research analysts predict that Iconix Brand Group Inc. will post $1.19 earnings per share for the current year.
A hedge fund recently raised its stake in Iconix Brand Group stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Iconix Brand Group Inc. (NASDAQ:ICON) by 59.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.
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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