Iconix Brand Group (ICON) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of Iconix Brand Group (NASDAQ:ICON) from a hold rating to a buy rating in a report released on Friday morning.
Several other analysts have also recently commented on ICON. Cowen set a $9.00 price objective on shares of Iconix Brand Group and gave the company a hold rating in a research note on Monday, August 14th. FBR & Co restated an outperform rating and set a $8.50 price objective on shares of Iconix Brand Group in a research note on Wednesday, August 9th. BidaskClub cut shares of Iconix Brand Group from a sell rating to a strong sell rating in a research note on Thursday, August 10th. Roth Capital restated a neutral rating on shares of Iconix Brand Group in a research note on Tuesday, October 31st. Finally, Sidoti assumed coverage on shares of Iconix Brand Group in a research note on Tuesday, September 19th. They set a neutral rating and a $6.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $5.00.
Shares of Iconix Brand Group (NASDAQ:ICON) traded down $0.01 during midday trading on Friday, reaching $1.87. 1,147,564 shares of the company’s stock traded hands, compared to its average volume of 3,314,355. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. Iconix Brand Group has a twelve month low of $1.44 and a twelve month high of $10.80. The firm has a market cap of $107.31, a PE ratio of 1.81 and a beta of 1.37.
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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, 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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