Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) traded down 12.7% on Monday . The company traded as low as $1.76 and last traded at $1.79. 2,901,400 shares changed hands during mid-day trading, an increase of 201% from the average session volume of 962,752 shares. The stock had previously closed at $2.05.

Several brokerages have commented on ICON. FBR & Co restated an “outperform” rating and set a $8.50 target price on shares of Iconix Brand Group in a report on Wednesday, August 9th. Sidoti began coverage on shares of Iconix Brand Group in a report on Tuesday, September 19th. They set a “neutral” rating and a $6.00 target price on the stock. Roth Capital downgraded shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a report on Monday, October 30th. B. Riley restated a “neutral” rating and set a $4.00 target price (down from $8.50) on shares of Iconix Brand Group in a report on Wednesday, November 1st. Finally, Cowen Inc set a $9.00 target price on shares of Iconix Brand Group and gave the stock a “hold” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.00.

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $102.17, a price-to-earnings ratio of 1.72 and a beta of 1.30.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP grew its stake in shares of Iconix Brand Group by 115.8% in the third quarter. Engineers Gate Manager LP now owns 65,033 shares of the brand management company’s stock valued at $370,000 after buying an additional 34,891 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of Iconix Brand Group by 46.5% in the third quarter. OxFORD Asset Management LLP now owns 149,954 shares of the brand management company’s stock valued at $859,000 after buying an additional 47,621 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Iconix Brand Group by 7.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 745,299 shares of the brand management company’s stock valued at $4,241,000 after buying an additional 54,520 shares in the last quarter. ING Groep NV bought a new position in shares of Iconix Brand Group in the third quarter valued at $11,096,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Iconix Brand Group during the third quarter worth $290,000. Institutional investors own 85.40% 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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