Iconix Brand Group, Inc. (NASDAQ:ICON)’s share price was up 30.3% during trading on Friday . The company traded as high as $2.45 and last traded at $2.41. Approximately 6,811,600 shares traded hands during mid-day trading, an increase of 653% from the average daily volume of 905,188 shares. The stock had previously closed at $1.85.

A number of equities analysts have recently commented on ICON shares. FBR & Co reiterated a “buy” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a research note on Thursday, September 14th. Roth Capital reiterated a “neutral” rating on shares of Iconix Brand Group in a research note on Tuesday, October 31st. BidaskClub lowered Iconix Brand Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Cowen and Company set a $9.00 target price on Iconix Brand Group and gave the stock a “hold” rating in a research report on Monday, August 14th. Finally, B. Riley reissued a “neutral” rating and set a $4.00 target price (down from $8.50) on shares of Iconix Brand Group in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $5.00.

The company has a market cap of $122.63, a price-to-earnings ratio of 1.78 and a beta of 1.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.27.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its holdings in shares of Iconix Brand Group by 20.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock worth $112,000 after acquiring an additional 2,797 shares in the last quarter. AHL Partners LLP acquired a new position in shares of Iconix Brand Group in the 2nd quarter worth approximately $118,000. Public Employees Retirement System of Ohio raised its position in Iconix Brand Group by 5.2% in the 2nd 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 last quarter. Bayesian Capital Management LP bought a new position in Iconix Brand Group in the 2nd quarter worth approximately $142,000. Finally, Louisiana State Employees Retirement System raised its position in Iconix Brand Group by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock worth $160,000 after purchasing an additional 300 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors and hedge funds.

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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, 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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