Loews Corp continued to hold its position in Iconix Brand Group, Inc. (NASDAQ:ICON) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,801 shares of the brand management company’s stock at the end of the 2nd quarter. Loews Corp’s holdings in Iconix Brand Group were worth $171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its position in Iconix Brand Group by 3.9% during the first quarter. New York State Teachers Retirement System now owns 122,036 shares of the brand management company’s stock valued at $918,000 after purchasing an additional 4,600 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Iconix Brand Group by 1.3% in the second 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 during the period. Principal Financial Group Inc. increased its holdings in shares of Iconix Brand Group by 3.6% in the first quarter. Principal Financial Group Inc. now owns 426,624 shares of the brand management company’s stock worth $3,208,000 after buying an additional 14,997 shares during the period. Stevens Capital Management LP increased its holdings in shares of Iconix Brand Group by 206.8% in the first quarter. Stevens Capital Management LP now owns 53,661 shares of the brand management company’s stock worth $404,000 after buying an additional 36,172 shares during the period. Finally, Texas Permanent School Fund increased its holdings in shares of Iconix Brand Group by 2.5% in the second quarter. Texas Permanent School Fund now owns 41,661 shares of the brand management company’s stock worth $288,000 after buying an additional 1,024 shares during the period. Institutional investors and hedge funds own 82.89% of the company’s stock.

Iconix Brand Group, Inc. (NASDAQ ICON) traded up 2.89% on Friday, hitting $5.69. The stock had a trading volume of 786,441 shares. The firm’s market cap is $324.85 million. The company’s 50 day moving average price is $5.71 and its 200 day moving average price is $6.60. 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 announced its earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The firm had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $61.00 million. Iconix Brand Group had a negative net margin of 82.22% and a positive return on equity of 10.38%. The business’s revenue was down 32.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Analysts expect that Iconix Brand Group, Inc. will post $0.67 EPS for the current year.

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Several research analysts have recently commented on the company. FBR & Co reiterated an “outperform” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a report on Wednesday, August 9th. Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Cowen and Company set a $9.00 price objective on Iconix Brand Group and gave the stock a “hold” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.17.

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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