Vanguard Group Inc. increased its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 30.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,722,400 shares of the brand management company’s stock after buying an additional 1,335,032 shares during the period. Vanguard Group Inc. owned 0.10% of Iconix Brand Group worth $43,032,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Brandes Investment Partners LP boosted its position 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 valued at $101,000 after buying an additional 2,248 shares during the period. Capital Fund Management S.A. acquired a new position in Iconix Brand Group during the first quarter valued at $108,000. First Midwest Bank Trust Division boosted its position 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 valued at $123,000 after buying an additional 667 shares during the period. BNP Paribas Arbitrage SA boosted its position 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 valued at $135,000 after buying an additional 865 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in 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. Hedge funds and other institutional investors own 83.84% of the company’s stock.

Iconix Brand Group, Inc. (NASDAQ ICON) traded down 0.53% during trading on Friday, hitting $5.58. The stock had a trading volume of 508,620 shares. Iconix Brand Group, Inc. has a one year low of $5.37 and a one year high of $10.80. The firm’s market capitalization is $318.40 million. The stock has a 50 day moving average of $6.53 and a 200 day moving average of $7.29.

Iconix Brand Group (NASDAQ:ICON) last released its earnings results on Wednesday, August 9th. The brand management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. Iconix Brand Group had a positive return on equity of 10.02% and a negative net margin of 82.22%. The business had revenue of $64.60 million during the quarter, compared to analysts’ expectations of $61 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was down 32.5% on a year-over-year basis. Equities research analysts expect that Iconix Brand Group, Inc. will post $0.69 earnings per share for the current fiscal year.

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