Iconix Brand Group (ICON) Trading 5.1% Higher
Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) traded up 5.1% during mid-day trading on Tuesday . The company traded as high as $1.49 and last traded at $1.45. 2,568,200 shares changed hands during trading, an increase of 137% from the average session volume of 1,082,413 shares. The stock had previously closed at $1.38.
A number of analysts have recently issued reports on the company. Roth Capital cut Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 price objective on the stock. in a research report on Monday, October 30th. FBR & Co restated a “buy” rating and set a $8.50 price objective on shares of Iconix Brand Group in a research report on Thursday, September 14th. Zacks Investment Research cut Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Sidoti assumed coverage on Iconix Brand Group in a research report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 price objective on the stock. Finally, ValuEngine upgraded Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.00.
The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.27. The stock has a market cap of $82.76, a P/E ratio of 1.39 and a beta of 1.38.
COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/12/14/iconix-brand-group-icon-trading-5-1-higher.html.
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.
Receive News & Stock Ratings for Iconix Brand Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group and related stocks with our FREE daily email newsletter.