Iconix Brand Group Inc. (ICON) Stock Price Down 1.6%
Iconix Brand Group Inc. (NASDAQ:ICON)’s share price was down 1.6% during trading on Tuesday . The company traded as low as $8.43 and last traded at $8.45, with a volume of 193,022 shares. The stock had previously closed at $8.59.
Separately, Zacks Investment Research upgraded shares of Iconix Brand Group from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.
The firm’s market cap is $471.46 million. The firm has a 50 day moving average price of $7.71 and a 200 day moving average price of $7.83.
Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $97.02 million. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Iconix Brand Group Inc. will post $1.19 EPS for the current fiscal year.
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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