News stories about Iconix Brand Group (NASDAQ:ICON) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iconix Brand Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the brand management company an impact score of 45.106986258286 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Iconix Brand Group (NASDAQ ICON) traded down 2.63% during midday trading on Thursday, hitting $5.19. The stock had a trading volume of 494,822 shares. The company’s market cap is $296.30 million. The stock has a 50 day moving average of $5.60 and a 200-day moving average of $6.36. Iconix Brand Group has a one year low of $4.79 and a one year high of $10.80.
Iconix Brand Group (NASDAQ:ICON) last issued its earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The company had revenue of $64.60 million during the quarter, compared to the consensus estimate of $61.00 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The company’s revenue was down 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. Analysts forecast that Iconix Brand Group will post $0.67 EPS for the current fiscal year.
Several equities analysts have recently issued reports on ICON shares. BidaskClub cut Iconix Brand Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. FBR & Co reiterated a “buy” rating and issued a $8.50 price objective on shares of Iconix Brand Group in a research note on Thursday, September 14th. Cowen and Company set a $9.00 price objective on Iconix Brand Group and gave the company a “hold” rating in a research note on Monday, August 14th. Sidoti started coverage on Iconix Brand Group in a research note on Tuesday, September 19th. They issued a “neutral” rating and a $6.00 price objective for the company. Finally, Zacks Investment Research upgraded Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Iconix Brand Group presently has an average rating of “Hold” and a consensus target price of $9.13.
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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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