Iconix Brand Group (ICON) Given a $2.00 Price Target by Roth Capital Analysts

Iconix Brand Group (NASDAQ:ICON) has been assigned a $2.00 target price by research analysts at Roth Capital in a research report issued on Thursday. The firm presently has a “hold” rating on the brand management company’s stock. Roth Capital’s price target points to a potential upside of 32.45% from the stock’s current price.

ICON has been the topic of several other reports. Sidoti assumed coverage on Iconix Brand Group in a report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 price target on the stock. FBR & Co reissued a “buy” rating and set a $8.50 price target on shares of Iconix Brand Group in a report on Thursday, September 14th. Cowen set a $9.00 price target on Iconix Brand Group and gave the company a “hold” rating in a report on Monday, August 14th. BidaskClub cut Iconix Brand Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, ValuEngine raised Iconix Brand Group from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Iconix Brand Group has an average rating of “Hold” and an average price target of $5.00.

Iconix Brand Group (NASDAQ ICON) opened at $1.51 on Thursday. The stock has a market capitalization of $88.47, a P/E ratio of 1.49 and a beta of 1.38. Iconix Brand Group has a 12-month low of $1.44 and a 12-month high of $10.80. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.02 and a quick ratio of 1.02.

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its stake in shares of Iconix Brand Group by 20.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,258 shares of the brand management company’s stock worth $112,000 after purchasing an additional 2,797 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Iconix Brand Group by 11.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 16,993 shares of the brand management company’s stock worth $128,000 after purchasing an additional 1,691 shares in the last quarter. AHL Partners LLP purchased a new stake in shares of Iconix Brand Group in the 2nd quarter worth $118,000. Bayesian Capital Management LP purchased a new stake in Iconix Brand Group in the 2nd quarter worth $142,000. Finally, Louisiana State Employees Retirement System increased its stake in Iconix Brand Group by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock worth $160,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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