Iconix Brand Group (ICON) Getting Somewhat Favorable Media Coverage, Analysis Finds
Headlines about Iconix Brand Group (NASDAQ:ICON) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iconix Brand Group earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the brand management company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Investor Update: Company Share Focus for Iconix Brand Group, Inc. (NASDAQ:ICON) – Jonesboro Recorder (jonesbororecorder.com)
- Iconix Brand Group, Inc. (ICON) stock has a mean analyst rating of 2.80 – Stocks Gallery (stocksgallery.com)
- Watching the Indicators for Iconix Brand Group, Inc. (NASDAQ:ICON) – Sparta Review (spartareview.com)
- Iconix Brand Group Inc (ICON) Moves 1.13% – Stock Press Daily (stockpressdaily.com)
- Iconix Brand Group, Inc. (ICON) Earns Outperform Rating from Analysts at FBR & Co (americanbankingnews.com)
A number of equities analysts have issued reports on ICON shares. BidaskClub cut Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. FBR & Co reissued an “outperform” rating and set a $8.50 price target on shares of Iconix Brand Group in a report on Tuesday, July 11th. Roth Capital set a $13.00 price target on Iconix Brand Group and gave the stock a “buy” rating in a report on Thursday, May 11th. Finally, Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. One research 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’s stock. Iconix Brand Group presently has a consensus rating of “Hold” and an average target price of $10.33.
Shares of Iconix Brand Group (ICON) traded up 1.71% during trading on Friday, reaching $6.56. The company’s stock had a trading volume of 401,543 shares. The stock’s 50-day moving average is $6.45 and its 200-day moving average is $7.94. The stock’s market cap is $374.33 million. Iconix Brand Group has a 12-month low of $5.91 and a 12-month high of $10.80.
Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings data on Wednesday, May 10th. The brand management company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Iconix Brand Group had a positive return on equity of 9.27% and a negative net margin of 82.70%. The firm had revenue of $58.72 million during the quarter, compared to analysts’ expectations of $89.34 million. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities research analysts anticipate that Iconix Brand Group will post $0.76 earnings per share for the current fiscal year.
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, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment 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, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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