United Services Automobile Association Acquires New Stake in Iconix Brand Group, Inc. (ICON)

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.

WARNING: “United Services Automobile Association Acquires New Stake in Iconix Brand Group, Inc. (ICON)” was first posted by BBNS and is owned by of BBNS. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://baseballnewssource.com/markets/united-services-automobile-association-takes-position-in-iconix-brand-group-inc-icon-updated-updated-updated/1132049.html.

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.

Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

Receive News & Ratings for Iconix Brand Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Iconix Brand Group Inc. and related companies with our FREE daily email newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

17 − 17 =