Iconix Brand Group, Inc. (ICON) Receives $4.00 Consensus PT from Analysts
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.
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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