United Services Automobile Association purchased a new position in Iconix Brand Group, Inc. (NASDAQ:ICON) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,500 shares of the brand management company’s stock, valued at approximately $214,000. United Services Automobile Association owned approximately 0.05% of Iconix Brand Group at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Brandes Investment Partners LP increased its position in Iconix Brand Group by 20.2% in the first quarter. Brandes Investment Partners LP now owns 13,378 shares of the brand management company’s stock valued at $101,000 after buying an additional 2,248 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Iconix Brand Group during the first quarter worth approximately $108,000. Trexquant Investment LP purchased a new stake in shares of Iconix Brand Group during the fourth quarter worth approximately $135,000. First Midwest Bank Trust Division boosted its stake in Iconix Brand Group by 4.3% in the first quarter. First Midwest Bank Trust Division now owns 16,360 shares of the brand management company’s stock valued at $123,000 after buying an additional 667 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Iconix Brand Group by 5.1% in the first quarter. BNP Paribas Arbitrage SA now owns 17,899 shares of the brand management company’s stock valued at $135,000 after buying an additional 865 shares in the last quarter. Hedge funds and other institutional investors own 83.34% of the company’s stock.
Iconix Brand Group, Inc. (NASDAQ:ICON) traded down 0.15% during mid-day trading on Friday, reaching $6.86. 289,953 shares of the company’s stock traded hands. Iconix Brand Group, Inc. has a 12 month low of $5.91 and a 12 month high of $10.80. The stock’s market capitalization is $391.44 million. The firm’s 50-day moving average price is $6.64 and its 200 day moving average price is $7.57.
Iconix Brand Group (NASDAQ:ICON) last issued its earnings results on Wednesday, May 10th. The brand management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $58.72 million during the quarter, compared to analyst estimates of $89.34 million. Iconix Brand Group had a negative net margin of 82.70% and a positive return on equity of 9.27%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Equities research analysts predict that Iconix Brand Group, Inc. will post $0.76 EPS for the current year.
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A number of brokerages have weighed in on ICON. BidaskClub raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. FBR & Co reissued an “outperform” rating and set a $8.50 target price on shares of Iconix Brand Group in a research report on Tuesday, July 11th. Finally, Roth Capital set a $13.00 target price on shares of Iconix Brand Group and gave the stock a “buy” rating in a research report on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.33.
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, Sharper Image, 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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