Iconix Brand Group Inc. (ICON) Shares Up 3.5%
Shares of Iconix Brand Group Inc. (NASDAQ:ICON) shot up 3.5% during trading on Thursday . The company traded as high as $8.03 and last traded at $7.99, with a volume of 679,625 shares changing hands. The stock had previously closed at $7.72.
Separately, Zacks Investment Research raised 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 issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.94.
The stock’s market cap is $451.81 million. The stock has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.63.
Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings data 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 company had revenue of $95.70 million for the quarter, compared to analyst estimates of $97.02 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Iconix Brand Group Inc. will post $1.19 EPS for the current fiscal year.
In other Iconix Brand Group news, EVP David Blumberg sold 11,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 138,515 shares of the company’s stock, valued at approximately $1,054,099.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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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