Iconix Brand Group, Inc. (NASDAQ:ICON) traded down 5.1% during trading on Monday . The company traded as low as $1.27 and last traded at $1.29. 1,652,434 shares changed hands during trading, a decline of 37% from the average session volume of 2,631,549 shares. The stock had previously closed at $1.36.

A number of equities research analysts recently commented on the stock. Roth Capital reissued a “neutral” rating on shares of Iconix Brand Group in a research report on Tuesday, October 31st. ValuEngine raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. B. Riley reissued a “neutral” rating and set a $4.00 target price (down previously from $8.50) on shares of Iconix Brand Group in a research report on Wednesday, November 1st. Finally, FBR & Co cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $8.50 to $4.00 in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Iconix Brand Group presently has a consensus rating of “Hold” and a consensus price target of $5.00.

The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of -5.92. The stock has a market capitalization of $73.81, a P/E ratio of -0.09 and a beta of 1.40.

Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings results on Friday, December 22nd. The brand management company reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. Iconix Brand Group had a negative net margin of 311.99% and a positive return on equity of 17.65%. The business had revenue of $53.17 million for the quarter, compared to analyst estimates of $53.20 million. sell-side analysts expect that Iconix Brand Group, Inc. will post 0.65 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Iconix Brand Group by 8.4% during the 2nd 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 in the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in Iconix Brand Group by 75.1% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 2,084,928 shares of the brand management company’s stock valued at $2,690,000 after purchasing an additional 894,330 shares in the last quarter. ING Groep NV acquired a new position in Iconix Brand Group during the 3rd quarter valued at approximately $11,096,000. State Street Corp increased its stake in Iconix Brand Group by 1.7% during the 2nd quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock valued at $9,015,000 after purchasing an additional 22,222 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Iconix Brand Group by 69.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,261,575 shares of the brand management company’s stock valued at $1,628,000 after purchasing an additional 516,276 shares in the last quarter. Institutional investors and hedge funds own 86.78% of the company’s stock.

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About Iconix Brand Group

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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