Iconix Brand Group, Inc. (NASDAQ:ICON) released its quarterly earnings results on Wednesday. The brand management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.17 by $0.09, Morningstar.com reports. The business had revenue of $64.60 million for the quarter, compared to analyst estimates of $61 million. Iconix Brand Group had a negative net margin of 82.70% and a positive return on equity of 9.27%. The company’s quarterly revenue was down 32.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. Iconix Brand Group updated its FY17 guidance to $0.65-0.70 EPS.

Shares of Iconix Brand Group (NASDAQ:ICON) traded down 9.61% during mid-day trading on Wednesday, reaching $5.55. 1,290,589 shares of the company were exchanged. The company’s 50 day moving average price is $6.63 and its 200 day moving average price is $7.45. The firm’s market capitalization is $316.69 million. Iconix Brand Group has a 12 month low of $5.55 and a 12 month high of $10.80.

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

Hedge funds have recently added to or reduced their stakes in the company. Brandes Investment Partners LP increased its stake in 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 worth $101,000 after buying an additional 2,248 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in Iconix Brand Group during the first quarter worth approximately $108,000. First Midwest Bank Trust Division increased its stake in 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 worth $123,000 after buying an additional 667 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Iconix Brand Group by 11.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,993 shares of the brand management company’s stock worth $128,000 after buying an additional 1,691 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in 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 worth $135,000 after buying an additional 865 shares during the last quarter. Institutional investors and hedge funds own 83.84% of the company’s stock.

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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.

Earnings History for Iconix Brand Group (NASDAQ:ICON)

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