KCG Holdings Inc. purchased a new stake in Iconix Brand Group, Inc. (NASDAQ:ICON) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,414 shares of the brand management company’s stock, valued at approximately $191,000.

A number of other institutional investors have also modified their holdings of the company. Brandes Investment Partners LP increased its position in shares of Iconix Brand Group by 20.2% in the first quarter. Brandes Investment Partners LP now owns 13,378 shares of the brand management company’s stock valued at $101,000 after buying an additional 2,248 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Iconix Brand Group during the first quarter valued at $108,000. First Midwest Bank Trust Division increased its position in shares of Iconix Brand Group by 4.3% in the first quarter. First Midwest Bank Trust Division now owns 16,360 shares of the brand management company’s stock valued at $123,000 after buying an additional 667 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Iconix Brand Group by 5.1% in the first quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the brand management company’s stock valued at $135,000 after buying an additional 865 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Iconix Brand Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the brand management company’s stock valued at $172,000 after buying an additional 300 shares during the period. Institutional investors own 83.66% of the company’s stock.

Iconix Brand Group, Inc. (NASDAQ ICON) traded down 1.59% during midday trading on Friday, reaching $6.19. The company’s stock had a trading volume of 592,660 shares. Iconix Brand Group, Inc. has a 12-month low of $5.91 and a 12-month high of $10.80. The stock’s 50 day moving average is $6.65 and its 200 day moving average is $7.48. The stock’s market cap is $353.21 million.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings results on Wednesday, May 10th. The brand management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. The firm had revenue of $58.72 million for the quarter, compared to analyst estimates of $89.34 million. Iconix Brand Group had a positive return on equity of 9.27% and a negative net margin of 82.70%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. Analysts anticipate that Iconix Brand Group, Inc. will post $0.74 earnings per share for the current year.

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Several equities analysts recently weighed in on ICON shares. Roth Capital set a $13.00 price target on shares of Iconix Brand Group and gave the stock a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, FBR & Co reiterated an “outperform” rating and issued a $8.50 price target on shares of Iconix Brand Group in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.33.

About Iconix Brand Group

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. 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 and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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