OxFORD Asset Management LLP bought a new stake in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 102,333 shares of the brand management company’s stock, valued at approximately $707,000. OxFORD Asset Management LLP owned about 0.18% of Iconix Brand Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of Iconix Brand Group by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock valued at $160,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Iconix Brand Group by 1.4% during the 1st quarter. Arizona State Retirement System now owns 29,260 shares of the brand management company’s stock valued at $220,000 after acquiring an additional 400 shares during the last quarter. CNA Financial Corp boosted its position in shares of Iconix Brand Group by 0.5% during the 1st quarter. CNA Financial Corp now owns 94,087 shares of the brand management company’s stock valued at $708,000 after acquiring an additional 500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Iconix Brand Group by 5.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the brand management company’s stock valued at $135,000 after acquiring an additional 865 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Iconix Brand Group by 2.4% during the 2nd quarter. New York State Common Retirement Fund now owns 39,100 shares of the brand management company’s stock valued at $270,000 after acquiring an additional 899 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

A number of research analysts have recently commented on ICON shares. BidaskClub downgraded Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. FBR & Co reiterated a “buy” rating and set a $8.50 target price on shares of Iconix Brand Group in a research report on Thursday, September 14th. Cowen and Company set a $9.00 target price on Iconix Brand Group and gave the company a “hold” rating in a research report on Monday, August 14th. Sidoti started coverage on Iconix Brand Group in a research report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 target price for the company. Finally, Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.13.

Shares of Iconix Brand Group, Inc. (NASDAQ ICON) opened at 5.08 on Tuesday. Iconix Brand Group, Inc. has a 12 month low of $4.79 and a 12 month high of $10.80. The company’s market capitalization is $290.02 million. The company has a 50-day moving average price of $5.60 and a 200-day moving average price of $6.33.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.09. The company had revenue of $64.60 million for the quarter, compared to analyst estimates of $61.00 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The firm’s revenue for the quarter was down 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, analysts forecast that Iconix Brand Group, Inc. will post $0.67 EPS for the current fiscal year.

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Iconix Brand Group 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.

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

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