Roth Capital reaffirmed their neutral rating on shares of Iconix Brand Group, Inc. (NASDAQ:ICON) in a research report released on Tuesday, Marketbeat reports.

A number of other equities research analysts also recently issued reports on the stock. FBR & Co reaffirmed an outperform rating and set a $8.50 price target on shares of Iconix Brand Group in a research note on Tuesday, July 11th. Sidoti initiated coverage on shares of Iconix Brand Group in a research note on Tuesday, September 19th. They set a neutral rating and a $6.00 price target on the stock. BidaskClub downgraded shares of Iconix Brand Group from a hold rating to a sell rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Iconix Brand Group from a sell rating to a hold rating in a research note on Monday, July 17th. Finally, Cowen and Company set a $9.00 price target on shares of Iconix Brand Group and gave the company a hold rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of $5.00.

Iconix Brand Group (ICON) traded down $0.39 on Tuesday, reaching $1.62. 2,147,910 shares of the company’s stock were exchanged, compared to its average volume of 2,576,481. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $95.04 million, a PE ratio of 1.60 and a beta of 1.30.

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

COPYRIGHT VIOLATION NOTICE: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/roth-capital-reaffirms-neutral-rating-for-iconix-brand-group-inc-icon/1678567.html.

Hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System increased 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 acquiring an additional 4,600 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Iconix Brand Group by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock valued at $160,000 after acquiring an additional 300 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Iconix Brand Group during the second quarter valued at $707,000. Principal Financial Group Inc. increased its position in Iconix Brand Group by 3.6% during the first quarter. Principal Financial Group Inc. now owns 426,624 shares of the brand management company’s stock valued at $3,208,000 after acquiring an additional 14,997 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its position in Iconix Brand Group by 110.8% during the second quarter. Virtu KCG Holdings LLC now owns 53,565 shares of the brand management company’s stock valued at $370,000 after acquiring an additional 28,151 shares during the last quarter. Institutional investors and hedge funds own 83.56% 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, 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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

Receive News & Ratings for Iconix Brand Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.