Iconix Brand Group, Inc. (NASDAQ:ICON)‘s stock had its “outperform” rating restated by equities researchers at FBR & Co in a note issued to investors on Wednesday, August 9th. They presently have a $8.50 target price on the brand management company’s stock. FBR & Co’s price target suggests a potential upside of 70.00% from the company’s current price.

A number of other research analysts also recently issued reports on the company. BidaskClub downgraded Iconix Brand Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Roth Capital set a $13.00 price objective on Iconix Brand Group and gave the company a “buy” rating in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Iconix Brand Group (NASDAQ ICON) traded down 1.96% during trading on Wednesday, reaching $5.00. 1,123,558 shares of the company traded hands. The company’s 50-day moving average price is $6.30 and its 200 day moving average price is $7.11. The firm’s market capitalization is $285.46 million. Iconix Brand Group has a 52 week low of $4.79 and a 52 week high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings data on Wednesday, August 9th. The brand management company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. The company had revenue of $64.60 million during the quarter, compared to the consensus estimate of $61 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 was down 32.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. On average, equities research analysts expect that Iconix Brand Group will post $0.67 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “FBR & Co Reiterates Outperform Rating for Iconix Brand Group, Inc. (ICON)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/19/iconix-brand-group-inc-icon-earns-outperform-rating-from-fbr-co-updated.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of ICON. Brandes Investment Partners LP boosted its position in Iconix Brand Group by 20.2% in the first quarter. Brandes Investment Partners LP now owns 13,378 shares of the brand management company’s stock worth $101,000 after buying an additional 2,248 shares in the last quarter. Capital Fund Management S.A. acquired a new position in Iconix Brand Group during the first quarter worth approximately $108,000. Cubist Systematic Strategies LLC boosted its position in Iconix Brand Group by 20.8% in the second quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock worth $112,000 after buying an additional 2,797 shares in the last quarter. First Midwest Bank Trust Division boosted its position in Iconix Brand Group by 4.3% in the first quarter. First Midwest Bank Trust Division now owns 16,360 shares of the brand management company’s stock worth $123,000 after buying an additional 667 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Iconix Brand Group by 11.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,993 shares of the brand management company’s stock worth $128,000 after buying an additional 1,691 shares in the last quarter. 83.58% of the stock is currently owned by institutional investors.

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, 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.

Receive News & Stock Ratings for Iconix Brand Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group Inc. and related stocks with our FREE daily email newsletter.