Iconix Brand Group, Inc. (NASDAQ:ICON) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.33.

A number of equities research analysts have commented on ICON shares. Zacks Investment Research cut shares of Iconix Brand Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine cut shares of Iconix Brand Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd.

In other Iconix Brand Group news, Chairman F Peter Cuneo sold 179,992 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $0.26, for a total transaction of $46,797.92. Following the sale, the chairman now owns 329,949 shares in the company, valued at approximately $85,786.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its holdings in Iconix Brand Group by 43.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,808,231 shares of the brand management company’s stock valued at $2,008,000 after buying an additional 546,656 shares in the last quarter. Park West Asset Management LLC purchased a new stake in Iconix Brand Group during the 1st quarter valued at approximately $555,000. Paloma Partners Management Co grew its holdings in Iconix Brand Group by 610.7% during the 2nd quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock valued at $142,000 after buying an additional 209,581 shares in the last quarter. Jane Street Group LLC purchased a new stake in Iconix Brand Group during the 2nd quarter valued at approximately $147,000. Finally, Nomura Holdings Inc. grew its holdings in Iconix Brand Group by 22.2% during the 2nd quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock valued at $631,000 after buying an additional 196,793 shares in the last quarter. Institutional investors own 26.65% of the company’s stock.

Shares of NASDAQ:ICON opened at $0.26 on Tuesday. Iconix Brand Group has a twelve month low of $0.21 and a twelve month high of $5.96. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of -7.12. The company has a market capitalization of $16.47 million, a PE ratio of 0.33 and a beta of 0.87.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Wednesday, August 8th. The brand management company reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Iconix Brand Group had a negative net margin of 281.71% and a negative return on equity of 52.93%. The firm had revenue of $50.21 million for the quarter.

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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