Separately, Zacks Investment Research cut Iconix Brand Group from a hold rating to a sell rating in a research report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Iconix Brand Group has a consensus rating of Hold and a consensus price target of $10.50.
Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Iconix Brand Group had a positive return on equity of 7.26% and a negative net margin of 63.95%. The firm had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $97.02 million. During the same period in the prior year, the business posted $0.45 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in ICON. BNP Paribas Arbitrage SA boosted its stake in shares of Iconix Brand Group by 111.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,962 shares of the company’s stock valued at $101,000 after buying an additional 7,902 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Iconix Brand Group during the second quarter valued at approximately $101,000. First Midwest Bank Trust Division boosted its stake in shares of Iconix Brand Group by 47.0% in the second quarter. First Midwest Bank Trust Division now owns 15,993 shares of the company’s stock valued at $108,000 after buying an additional 5,111 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Iconix Brand Group by 10.3% in the second quarter. Profund Advisors LLC now owns 16,194 shares of the company’s stock valued at $109,000 after buying an additional 1,518 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its position in shares of Iconix Brand Group by 245.3% in the second quarter. Acrospire Investment Management LLC now owns 18,300 shares of the company’s stock valued at $124,000 after buying an additional 13,000 shares during the period. Institutional investors own 80.08% of the company’s stock.
Iconix Brand Group Company Profile
Iconix Brand Group, Inc is a brand management company. The Company owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment and corporate. 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, Sharper Image, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.
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