Iconix Brand Group, Inc. (NASDAQ:ICON)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $5.30 and last traded at $5.30, with a volume of 436,944 shares changing hands. The stock had previously closed at $5.55.

ICON has been the subject of a number of research analyst reports. FBR & Co reaffirmed an “outperform” rating and set a $8.50 price objective on shares of Iconix Brand Group in a research report on Wednesday, August 9th. Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Roth Capital set a $13.00 target price on Iconix Brand Group and gave the stock a “buy” rating in a report on Thursday, May 11th. BidaskClub raised Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company set a $9.00 price target on Iconix Brand Group and gave the company a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.00.

The firm’s market cap is $302.42 million. The stock’s 50-day moving average is $6.40 and its 200 day moving average is $7.16.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The company had revenue of $64.60 million for the quarter, compared to analyst estimates of $61 million. During the same period in the previous year, the company posted $0.27 earnings per share. The firm’s revenue was down 32.5% on a year-over-year basis. On average, equities research analysts anticipate that Iconix Brand Group, Inc. will post $0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Iconix Brand Group by 30.4% in the first quarter. Vanguard Group Inc. now owns 5,722,400 shares of the brand management company’s stock valued at $43,032,000 after buying an additional 1,335,032 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Iconix Brand Group by 32.9% in the first quarter. Van Berkom & Associates Inc. now owns 2,514,901 shares of the brand management company’s stock worth $18,912,000 after buying an additional 622,250 shares during the period. Dimensional Fund Advisors LP boosted its stake in Iconix Brand Group by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,741,989 shares of the brand management company’s stock worth $35,659,000 after buying an additional 501,393 shares during the period. First Manhattan Co. boosted its stake in Iconix Brand Group by 580.9% in the second quarter. First Manhattan Co. now owns 169,375 shares of the brand management company’s stock worth $1,170,000 after buying an additional 144,500 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Iconix Brand Group during the second quarter worth approximately $842,000. Institutional investors and hedge funds own 83.58% of the company’s stock.

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About Iconix Brand Group

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, Sharper Image, 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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