State of Tennessee Treasury Department maintained its position in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,775 shares of the brand management company’s stock at the end of the second quarter. State of Tennessee Treasury Department owned approximately 0.09% of Iconix Brand Group worth $365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Iconix Brand Group by 1.7% in the second quarter. Principal Financial Group Inc. now owns 434,020 shares of the brand management company’s stock worth $2,999,000 after buying an additional 7,396 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Iconix Brand Group by 1.9% during the 2nd quarter. Prudential Financial Inc. now owns 597,959 shares of the brand management company’s stock worth $4,132,000 after acquiring an additional 11,200 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Iconix Brand Group by 21.1% during the 2nd quarter. GHP Investment Advisors Inc. now owns 55,815 shares of the brand management company’s stock worth $386,000 after acquiring an additional 9,730 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Iconix Brand Group by 4.8% during the 2nd quarter. Victory Capital Management Inc. now owns 150,505 shares of the brand management company’s stock worth $1,040,000 after acquiring an additional 6,870 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Iconix Brand Group by 8.3% during the 2nd quarter. Federated Investors Inc. PA now owns 131,593 shares of the brand management company’s stock worth $909,000 after acquiring an additional 10,066 shares in the last quarter. Institutional investors own 82.89% of the company’s stock.

A number of research analysts have recently commented on the company. FBR & Co reissued an “outperform” rating and set a $8.50 price objective on shares of Iconix Brand Group in a report on Tuesday, July 11th. Cowen and Company set a $9.00 target price on Iconix Brand Group and gave the stock a “hold” rating in a report on Monday, August 14th. BidaskClub cut Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti started coverage on Iconix Brand Group in a research report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 target price for the company. Finally, Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.13.

Iconix Brand Group, Inc. (NASDAQ ICON) opened at 5.69 on Tuesday. The firm’s market cap is $324.85 million. The firm’s 50-day moving average is $5.53 and its 200-day moving average is $6.44. Iconix Brand Group, Inc. has a 52-week low of $4.79 and a 52-week high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. The firm had revenue of $64.60 million during the quarter, compared to the consensus estimate of $61.00 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The business’s revenue was down 32.5% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. Analysts forecast that Iconix Brand Group, Inc. will post $0.67 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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