Somewhat Positive News Coverage Somewhat Unlikely to Affect Iconix Brand Group (ICON) Share Price

Headlines about Iconix Brand Group (NASDAQ:ICON) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iconix Brand Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the brand management company an impact score of 44.5855883039563 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

ICON has been the subject of a number of research analyst reports. Roth Capital cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a report on Monday, October 30th. FBR & Co cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.50 to $4.00 in a research note on Monday, October 30th. B. Riley reissued a “neutral” rating and set a $4.00 price objective (down from $8.50) on shares of Iconix Brand Group in a research note on Wednesday, November 1st. Sidoti initiated coverage on shares of Iconix Brand Group in a research note on Tuesday, September 19th. They set a “neutral” rating and a $6.00 price objective for the company. Finally, BidaskClub cut shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Iconix Brand Group currently has an average rating of “Hold” and a consensus price target of $5.00.

Iconix Brand Group (ICON) opened at $2.16 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. Iconix Brand Group has a 12 month low of $1.44 and a 12 month high of $10.80. The firm has a market cap of $123.29, a P/E ratio of 2.08 and a beta of 1.30.

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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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