Sidoti started coverage on shares of Iconix Brand Group, Inc. (NASDAQ:ICON) in a report published on Tuesday. The firm issued a neutral rating and a $6.00 target price on the brand management company’s stock.

Other analysts have also recently issued reports about the stock. FBR & Co reaffirmed an outperform rating and issued a $8.50 price target on shares of Iconix Brand Group in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Iconix Brand Group from a sell rating to a hold rating in a report on Monday, July 17th. BidaskClub raised shares of Iconix Brand Group from a sell rating to a hold rating in a report on Tuesday, July 25th. Finally, Cowen and Company set a $9.00 target price on shares of Iconix Brand Group and gave the stock a hold rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $9.13.

Iconix Brand Group (NASDAQ:ICON) opened at 5.73 on Tuesday. Iconix Brand Group has a 12 month low of $4.79 and a 12 month high of $10.80. The stock’s market capitalization is $327.13 million. The firm’s 50-day moving average is $5.65 and its 200 day moving average is $6.55.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The firm had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $61.00 million. Iconix Brand Group had a negative net margin of 82.22% and a positive return on equity of 10.38%. The firm’s quarterly revenue was down 32.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Iconix Brand Group will post $0.67 earnings per share for the current year.

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Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its holdings in shares of Iconix Brand Group by 5.2% during the second quarter. Public Employees Retirement System of Ohio now owns 17,869 shares of the brand management company’s stock worth $123,000 after purchasing an additional 876 shares during the period. California State Teachers Retirement System raised its holdings in shares of Iconix Brand Group by 5.2% during the second quarter. California State Teachers Retirement System now owns 88,745 shares of the brand management company’s stock worth $613,000 after purchasing an additional 4,400 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Iconix Brand Group by 18.4% during the second quarter. The Manufacturers Life Insurance Company now owns 41,323 shares of the brand management company’s stock worth $286,000 after purchasing an additional 6,431 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Iconix Brand Group by 20.8% during the second quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock worth $112,000 after purchasing an additional 2,797 shares during the period. Finally, State Street Corp raised its holdings in shares of Iconix Brand Group by 1.7% during the second quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock worth $9,015,000 after purchasing an additional 22,222 shares during the period. 82.89% of the stock is currently owned by institutional investors.

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, 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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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