Iconix Brand Group, Inc. (NASDAQ:ICON) hit a new 52-week low on Friday . The company traded as low as $1.33 and last traded at $1.39, with a volume of 1107300 shares trading hands. The stock had previously closed at $1.40.

A number of equities research analysts recently weighed in on the stock. Roth Capital cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 price target for the company. in a research report on Monday, October 30th. Zacks Investment Research cut shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Friday. FBR & Co reissued a “buy” rating and issued a $8.50 price target on shares of Iconix Brand Group in a research report on Thursday, September 14th. Sidoti assumed coverage on shares of Iconix Brand Group in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $6.00 price target for the company. Finally, ValuEngine raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.00.

The stock has a market capitalization of $72.64, a PE ratio of -0.26 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.27.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Iconix Brand Group by 8.4% in the second quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock valued at $42,871,000 after purchasing an additional 481,845 shares during the period. Smith Graham & Co. Investment Advisors LP increased its stake in Iconix Brand Group by 57.2% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,190,598 shares of the brand management company’s stock valued at $6,775,000 after purchasing an additional 433,018 shares during the period. OxFORD Asset Management LLP acquired a new position in Iconix Brand Group in the second quarter valued at $707,000. Virtu KCG Holdings LLC increased its stake in Iconix Brand Group by 110.8% in the second quarter. Virtu KCG Holdings LLC now owns 53,565 shares of the brand management company’s stock valued at $370,000 after purchasing an additional 28,151 shares during the period. Finally, ING Groep NV acquired a new position in Iconix Brand Group in the third quarter valued at $11,096,000. Institutional investors own 84.99% of the company’s stock.

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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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