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.
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