Iconix Brand Group, Inc. (NASDAQ:ICON) shares gapped down prior to trading on Friday . The stock had previously closed at $0.24, but opened at $0.23. Iconix Brand Group shares last traded at $0.22, with a volume of 2813941 shares traded.

ICON has been the subject of several research reports. Zacks Investment Research raised Iconix Brand Group from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research report on Friday, June 22nd. ValuEngine lowered Iconix Brand Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Seven analysts have rated the stock with a hold rating, Iconix Brand Group currently has an average rating of “Hold” and an average target price of $3.35.

The stock has a market capitalization of $17.43 million, a PE ratio of 0.29 and a beta of 0.87. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of -7.12.

Iconix Brand Group (NASDAQ:ICON) last announced its earnings results on Wednesday, August 8th. The brand management company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Iconix Brand Group had a negative return on equity of 52.93% and a negative net margin of 281.71%. The firm had revenue of $50.21 million during the quarter.

A number of hedge funds have recently bought and sold shares of ICON. Paloma Partners Management Co increased its position in Iconix Brand Group by 610.7% during the 2nd quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock valued at $142,000 after buying an additional 209,581 shares in the last quarter. Jane Street Group LLC bought a new position in Iconix Brand Group during the 2nd quarter valued at approximately $147,000. Park West Asset Management LLC bought a new position in Iconix Brand Group during the 1st quarter valued at approximately $555,000. Nomura Holdings Inc. increased its position in Iconix Brand Group by 22.2% during the 2nd quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock valued at $631,000 after buying an additional 196,793 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Iconix Brand Group by 43.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,808,231 shares of the brand management company’s stock valued at $2,008,000 after buying an additional 546,656 shares in the last quarter. 26.65% of the stock is owned by institutional investors.

About Iconix Brand Group (NASDAQ:ICON)

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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