Iconix Brand Group, Inc. (NASDAQ:ICON) shares hit a new 52-week low on Friday . The stock traded as low as $0.30 and last traded at $0.31, with a volume of 999401 shares trading hands. The stock had previously closed at $0.33.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Iconix Brand Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine downgraded shares of Iconix Brand Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Seven analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $3.35.
The company has a market cap of $23.89 million, a price-to-earnings ratio of 0.42 and a beta of 0.87. The company has a debt-to-equity ratio of -7.12, a quick ratio of 1.78 and a current ratio of 1.78.
Iconix Brand Group (NASDAQ:ICON) last announced its earnings results on Wednesday, August 8th. The brand management company reported $0.12 earnings per share for the quarter, meeting the 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 business had revenue of $50.21 million during the quarter.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Paloma Partners Management Co boosted its stake 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 acquiring an additional 209,581 shares during the last quarter. Jane Street Group LLC bought a new position in Iconix Brand Group during the 2nd quarter valued at $147,000. Park West Asset Management LLC bought a new position in Iconix Brand Group during the 1st quarter valued at $555,000. Nomura Holdings Inc. boosted its stake 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 acquiring an additional 196,793 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Iconix Brand Group during the 4th quarter valued at $636,000. Hedge funds and other institutional investors own 26.65% of the company’s stock.
Iconix Brand Group Company Profile (NASDAQ:ICON)
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.
See Also: Hedge Funds
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