Iconix Brand Group Inc. (ICON) Trading Up 2.7%
Shares of Iconix Brand Group Inc. (NASDAQ:ICON) were up 2.7% during mid-day trading on Thursday . The company traded as high as $8.65 and last traded at $8.63, with a volume of 563,381 shares trading hands. The stock had previously closed at $8.40.
Separately, Zacks Investment Research raised Iconix Brand Group from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.50.
The firm has a 50 day moving average of $7.83 and a 200-day moving average of $7.84. The stock’s market capitalization is $482.12 million.
Iconix Brand Group (NASDAQ:ICON) last posted 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. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates of $97.02 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts predict that Iconix Brand Group Inc. will post $1.19 earnings per share for the current year.
Iconix Brand Group, Inc is a brand management company. The Company owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment and corporate. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.