Iconix Brand Group (ICON) Upgraded to “Hold” at ValuEngine

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ValuEngine upgraded shares of Iconix Brand Group (NASDAQ:ICON) from a sell rating to a hold rating in a report published on Thursday morning, ValuEngine reports.

Shares of NASDAQ ICON opened at $0.80 on Thursday. Iconix Brand Group has a 1 year low of $0.70 and a 1 year high of $8.50.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Tuesday, May 14th. The brand management company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $35.94 million during the quarter. Iconix Brand Group had a negative net margin of 63.02% and a negative return on equity of 6.88%.

A number of institutional investors have recently bought and sold shares of ICON. Renaissance Technologies LLC increased its holdings in Iconix Brand Group by 1,020.2% in the 3rd quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock valued at $208,000 after purchasing an additional 612,121 shares during the last quarter. Vanguard Group Inc increased its holdings in Iconix Brand Group by 17.9% in the 3rd quarter. Vanguard Group Inc now owns 4,461,444 shares of the brand management company’s stock valued at $1,384,000 after purchasing an additional 676,877 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Iconix Brand Group by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,461,444 shares of the brand management company’s stock valued at $1,384,000 after purchasing an additional 676,877 shares during the last quarter.

About Iconix Brand Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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