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.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Iconix Brand Group by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock valued at $42,871,000 after buying an additional 481,845 shares in the last quarter. ING Groep NV acquired a new stake in Iconix Brand Group in the 3rd quarter valued at $11,096,000. State Street Corp boosted its stake in Iconix Brand Group by 1.7% in the 2nd quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock valued at $9,015,000 after buying an additional 22,222 shares in the last quarter. Smith Graham & Co. Investment Advisors LP boosted its stake in Iconix Brand Group by 57.2% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,190,598 shares of the brand management company’s stock valued at $6,775,000 after buying an additional 433,018 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Iconix Brand Group by 8.8% in the 2nd quarter. Northern Trust Corp now owns 1,020,317 shares of the brand management company’s stock valued at $7,051,000 after buying an additional 82,924 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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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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