Federated Investors Inc. PA increased its holdings in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,593 shares of the brand management company’s stock after buying an additional 10,066 shares during the period. Federated Investors Inc. PA owned about 0.23% of Iconix Brand Group worth $909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brandes Investment Partners LP increased its stake in Iconix Brand Group by 20.2% during the 1st 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 during the period. Capital Fund Management S.A. purchased a new stake in Iconix Brand Group during the 1st quarter worth approximately $108,000. Public Employees Retirement System of Ohio increased its stake in Iconix Brand Group by 11.1% during the 1st 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 during the period. BNP Paribas Arbitrage SA increased its stake in Iconix Brand Group by 5.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the brand management company’s stock worth $135,000 after buying an additional 865 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Iconix Brand Group by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock worth $160,000 after buying an additional 300 shares during the period. 82.89% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Iconix Brand Group, Inc. (NASDAQ ICON) opened at 5.69 on Monday. The firm has a 50 day moving average of $5.71 and a 200-day moving average of $6.60. Iconix Brand Group, Inc. has a 12 month low of $4.79 and a 12 month high of $10.80. The stock’s market capitalization is $324.85 million.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings data on Wednesday, August 9th. The brand management company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $64.60 million for the quarter, compared to analyst estimates of $61.00 million. Iconix Brand Group had a negative net margin of 82.22% and a positive return on equity of 10.38%. The business’s quarterly revenue was down 32.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Analysts forecast that Iconix Brand Group, Inc. will post $0.67 earnings per share for the current year.

Several brokerages recently weighed in on ICON. FBR & Co reaffirmed an “outperform” rating and set a $8.50 target price on shares of Iconix Brand Group in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub raised shares of 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 target price on shares of Iconix Brand Group and gave the stock a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.17.

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, 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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Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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