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.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP lifted its stake in shares of Iconix Brand Group by 115.8% in the 3rd quarter. Engineers Gate Manager LP now owns 65,033 shares of the brand management company’s stock valued at $370,000 after purchasing an additional 34,891 shares during the period. OxFORD Asset Management LLP lifted its stake in shares of Iconix Brand Group by 46.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 149,954 shares of the brand management company’s stock valued at $859,000 after purchasing an additional 47,621 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Iconix Brand Group by 7.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 745,299 shares of the brand management company’s stock valued at $4,241,000 after purchasing an additional 54,520 shares during the period. ING Groep NV acquired a new position in shares of Iconix Brand Group in the 3rd quarter valued at $11,096,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Iconix Brand Group in the 3rd quarter valued at $290,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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