PNC Financial Services Group Inc. raised its position in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 0.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,494 shares of the brand management company’s stock after purchasing an additional 102 shares during the quarter. PNC Financial Services Group Inc. owned 0.23% of Iconix Brand Group worth $888,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Iconix Brand Group by 30.4% during the 1st quarter. Vanguard Group Inc. now owns 5,722,400 shares of the brand management company’s stock valued at $43,032,000 after acquiring an additional 1,335,032 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Iconix Brand Group by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,741,989 shares of the brand management company’s stock valued at $35,659,000 after acquiring an additional 501,393 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Iconix Brand Group by 7.2% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,695,624 shares of the brand management company’s stock valued at $18,627,000 after acquiring an additional 180,723 shares during the last quarter. First Manhattan Co. boosted its holdings in shares of Iconix Brand Group by 580.9% during the 2nd quarter. First Manhattan Co. now owns 169,375 shares of the brand management company’s stock valued at $1,170,000 after acquiring an additional 144,500 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Iconix Brand Group during the 2nd quarter valued at about $842,000. Institutional investors and hedge funds own 82.92% of the company’s stock.

A number of analysts have recently issued reports on ICON shares. FBR & Co reaffirmed an “outperform” rating and set a $8.50 price target on shares of Iconix Brand Group in a report on Tuesday, July 11th. Cowen and Company set a $9.00 price target on shares of Iconix Brand Group and gave the company a “hold” rating in a report on Monday, August 14th. BidaskClub downgraded shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Sidoti started coverage on shares of Iconix Brand Group in a report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 price target on the stock. Finally, Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Iconix Brand Group presently has a consensus rating of “Hold” and an average target price of $9.13.

Shares of Iconix Brand Group, Inc. (ICON) opened at 5.52 on Wednesday. The stock’s market cap is $315.14 million. Iconix Brand Group, Inc. has a one year low of $4.79 and a one year high of $10.80. The stock’s 50 day moving average is $5.59 and its 200-day moving average is $6.37.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Iconix Brand Group had a negative net margin of 82.22% and a positive return on equity of 10.38%. The company had revenue of $64.60 million for the quarter, compared to the consensus estimate of $61.00 million. During the same quarter in the prior year, the company earned $0.27 EPS. Iconix Brand Group’s quarterly revenue was down 32.5% on a year-over-year basis. On average, equities analysts forecast that Iconix Brand Group, Inc. will post $0.67 EPS for the current year.

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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, 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.

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

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