BidaskClub upgraded shares of Iconix Brand Group, Inc. (NASDAQ:ICON) from a sell rating to a hold rating in a research note released on Tuesday.

ICON has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Iconix Brand Group from a sell rating to a hold rating in a report on Tuesday, April 25th. Roth Capital set a $13.00 price objective on shares of Iconix Brand Group and gave the company a buy rating in a report on Thursday, May 11th. Finally, FBR & Co reiterated an outperform rating and issued a $8.50 price objective on shares of Iconix Brand Group in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $10.33.

Shares of Iconix Brand Group (ICON) traded down 0.15% during midday trading on Tuesday, hitting $6.86. 289,953 shares of the stock traded hands. The company’s market capitalization is $391.44 million. The firm’s 50-day moving average is $6.64 and its 200 day moving average is $7.57. Iconix Brand Group has a 52 week low of $5.91 and a 52 week high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Wednesday, May 10th. The brand management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $58.72 million during the quarter, compared to the consensus estimate of $89.34 million. Iconix Brand Group had a negative net margin of 82.70% and a positive return on equity of 9.27%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. Equities analysts forecast that Iconix Brand Group will post $0.76 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its position in Iconix Brand Group by 20.2% in the first quarter. Brandes Investment Partners LP now owns 13,378 shares of the brand management company’s stock valued at $101,000 after buying an additional 2,248 shares during the last quarter. Capital Fund Management S.A. purchased a new position in Iconix Brand Group during the first quarter valued at about $108,000. First Midwest Bank Trust Division raised its position in Iconix Brand Group by 4.3% in the first quarter. First Midwest Bank Trust Division now owns 16,360 shares of the brand management company’s stock valued at $123,000 after buying an additional 667 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Iconix Brand Group by 11.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,993 shares of the brand management company’s stock valued at $128,000 after buying an additional 1,691 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Iconix Brand Group by 5.1% in the first quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the brand management company’s stock valued at $135,000 after buying an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 83.34% of the company’s stock.

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, Sharper Image, 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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