First Manhattan Co. raised its position in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 580.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 169,375 shares of the brand management company’s stock after buying an additional 144,500 shares during the period. First Manhattan Co. owned about 0.30% of Iconix Brand Group worth $1,170,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Iconix Brand Group by 30.4% in the first quarter. Vanguard Group Inc. now owns 5,722,400 shares of the brand management company’s stock worth $43,032,000 after buying an additional 1,335,032 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Iconix Brand Group by 32.9% in the first quarter. Van Berkom & Associates Inc. now owns 2,514,901 shares of the brand management company’s stock worth $18,912,000 after buying an additional 622,250 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Iconix Brand Group by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,741,989 shares of the brand management company’s stock worth $35,659,000 after buying an additional 501,393 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Iconix Brand Group during the first quarter worth approximately $817,000. Finally, Smith Graham & Co. Investment Advisors LP raised its position in Iconix Brand Group by 13.0% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 757,580 shares of the brand management company’s stock worth $5,235,000 after buying an additional 87,192 shares during the period. 83.84% of the stock is currently owned by institutional investors and hedge funds.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Wednesday, May 10th. The brand management company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 negative net margin of 82.70% and a positive return on equity of 9.27%. The business’s revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share.

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A number of research firms recently weighed in on ICON. BidaskClub lowered shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. FBR & Co reiterated an “outperform” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a research report on Tuesday, July 11th. Finally, Roth Capital set a $13.00 price objective on shares of Iconix Brand Group and gave the company a “buy” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $10.33.

Iconix Brand Group Company Profile

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.

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

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