Iconix Brand Group Inc. (ICON) Sees Strong Trading Volume
Iconix Brand Group Inc. (NASDAQ:ICON) saw unusually-high trading volume on Monday . Approximately 903,134 shares were traded during trading, an increase of 2% from the previous session’s volume of 881,278 shares.The stock last traded at $8.83 and had previously closed at $8.05.
Separately, Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.67.
The stock’s market capitalization is $482.96 million. The company has a 50 day moving average price of $7.14 and a 200-day moving average price of $7.68.
Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate 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 quarter in the prior year, the business earned $0.45 EPS. Iconix Brand Group’s revenue was down 1.7% compared to the same quarter last year. Analysts predict that Iconix Brand Group Inc. will post $1.19 earnings per share for the current year.
In other Iconix Brand Group news, EVP David Blumberg sold 11,000 shares of Iconix Brand Group stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $7.61, for a total value of $83,710.00. Following the transaction, the executive vice president now owns 138,515 shares in the company, valued at $1,054,099.15. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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