ValuEngine upgraded shares of Iconix Brand Group (NASDAQ:ICON) from a sell rating to a hold rating in a research note released on Tuesday, ValuEngine reports.

Iconix Brand Group stock remained flat at $$1.47 during midday trading on Tuesday. The company’s stock had a trading volume of 16,662 shares, compared to its average volume of 69,084. The stock’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.51. Iconix Brand Group has a 52 week low of $0.65 and a 52 week high of $5.40. The firm has a market capitalization of $17.36 million, a PE ratio of -0.12 and a beta of 2.11.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings results on Tuesday, November 12th. The brand management company reported ($0.83) EPS for the quarter. Iconix Brand Group had a negative net margin of 57.62% and a negative return on equity of 0.97%. The business had revenue of $35.47 million during the quarter.

An institutional investor recently raised its position in Iconix Brand Group stock. Vanguard Group Inc. lifted its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 97.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,356 shares of the brand management company’s stock after purchasing an additional 109,959 shares during the quarter. Vanguard Group Inc. owned about 2.07% of Iconix Brand Group worth $190,000 as of its most recent SEC filing. 8.25% of the stock is owned by hedge funds and other institutional investors.

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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