Shares of Iconix Brand Group Inc. (NASDAQ:ICON) dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as $8.43 and last traded at $8.45, with a volume of 193,022 shares trading hands. The stock had previously closed at $8.59.

Separately, Zacks Investment Research raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, four have assigned 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 $10.67.

The stock has a 50-day moving average price of $7.69 and a 200-day moving average price of $7.82. The stock’s market cap is $474.83 million.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. During the same quarter in the previous year, the firm posted $0.45 EPS. The company earned $95.70 million during the quarter, compared to the consensus estimate of $97.02 million. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts anticipate that Iconix Brand Group Inc. will post $1.19 earnings per share 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.