Iconix Brand Group, Inc. (ICON) Given Consensus Rating of “Hold” by Analysts
Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.33.
Separately, Zacks Investment Research downgraded shares of Iconix Brand Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th.
In other news, Chairman F Peter Cuneo sold 179,992 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $0.26, for a total value of $46,797.92. Following the sale, the chairman now directly owns 329,949 shares in the company, valued at approximately $85,786.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.
Shares of ICON stock opened at $0.23 on Friday. The firm has a market capitalization of $21.20 million, a price-to-earnings ratio of 0.29 and a beta of 0.86. Iconix Brand Group has a 52 week low of $0.20 and a 52 week high of $5.43. The company has a debt-to-equity ratio of -7.12, a quick ratio of 1.78 and a current ratio of 1.78.
Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Wednesday, August 8th. The brand management company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Iconix Brand Group had a negative net margin of 281.71% and a negative return on equity of 52.93%. The business had revenue of $50.21 million for the quarter.
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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