Iconix Brand Group (ICON) Trading Up 6.7%
Iconix Brand Group, Inc. (NASDAQ:ICON) shares were up 6.7% on Wednesday . The stock traded as high as $0.17 and last traded at $0.16. Approximately 2,221,271 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 1,716,275 shares. The stock had previously closed at $0.15.
The stock has a market capitalization of $11.14 million, a price-to-earnings ratio of 0.54 and a beta of 1.14.
Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Friday, November 9th. The brand management company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of $46.22 million during the quarter. Iconix Brand Group had a negative return on equity of 31.50% and a negative net margin of 1.22%.
Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Iconix Brand Group by 1,020.2% in the third quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock valued at $208,000 after acquiring an additional 612,121 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of Iconix Brand Group by 22.2% in the second quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock valued at $631,000 after acquiring an additional 196,793 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Iconix Brand Group in the second quarter valued at $147,000. Finally, Paloma Partners Management Co raised its stake in shares of Iconix Brand Group by 610.7% in the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock valued at $142,000 after acquiring an additional 209,581 shares in the last quarter. Institutional investors own 26.58% of the company’s stock.
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About Iconix Brand Group (NASDAQ:ICON)
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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