The stock of Iconix Brand Group Inc (NASDAQ:ICON) is a huge mover today! About 532,007 shares traded hands or 25.25% up from the average. Iconix Brand Group Inc (NASDAQ:ICON) has declined 0.13% since April 4, 2016 and is downtrending. It has underperformed by 1.22% the S&P500.
The move comes after 9 months positive chart setup for the $442.61 million company. It was reported on Nov, 4 by Barchart.com. We have $21.94 PT which if reached, will make NASDAQ:ICON worth $778.99M more.
Analysts await Iconix Brand Group Inc (NASDAQ:ICON) to report earnings on November, 14. They expect $0.16 earnings per share, up 77.78% or $0.07 from last year’s $0.09 per share. ICON’s profit will be $8.91M for 12.42 P/E if the $0.16 EPS becomes a reality. After $0.27 actual earnings per share reported by Iconix Brand Group Inc for the previous quarter, Wall Street now forecasts -40.74% negative EPS growth.
Iconix Brand Group Inc (NASDAQ:ICON) Ratings Coverage
Out of 6 analysts covering Iconix Brand Group (NASDAQ:ICON), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Iconix Brand Group has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 30 by Guggenheim. The rating was maintained by Brean Capital with “Buy” on Friday, August 7. Roth Capital maintained it with “Buy” rating and $7 target price in Wednesday, November 11 report. The company was downgraded on Friday, November 6 by Brean Capital. The stock of Iconix Brand Group Inc (NASDAQ:ICON) earned “Buy” rating by TH Capital on Wednesday, November 11. Wunderlich downgraded Iconix Brand Group Inc (NASDAQ:ICON) on Friday, August 7 to “Hold” rating. The firm has “Hold” rating given on Friday, November 6 by Wunderlich. As per Wednesday, August 12, the company rating was upgraded by Monness Crespi & Hardt. The firm has “Neutral” rating given on Friday, November 6 by Monness Crespi & Hardt. The firm has “” rating by Nomura given on Friday, August 7.
According to Zacks Investment Research, “Iconix Brand Group, Inc. is in the business of licensing the CANDIE’S, BONGO, BADGLEY MISCHKA and JOE BOXER trademarks on a variety of footwear, apparel and fashion products. Through its wholly owned subsidiary, Brightstar Footwear, Inc., the Company also arranges for the manufacture of footwear products for mass market and discount retailers under the private label brand of the retailer.”
Insitutional Activity: The institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.28, from 1.01 in 2016Q1. The ratio increased, as 18 funds sold all Iconix Brand Group Inc shares owned while 40 reduced positions. 20 funds bought stakes while 55 increased positions. They now own 44.23 million shares or 3.08% more from 42.91 million shares in 2016Q1.
Hutchin Hill Capital Ltd Partnership last reported 140,100 shares in the company. Redmond Asset Ltd Limited Liability Company accumulated 0.17% or 49,913 shares. Thrivent Financial For Lutherans has 0% invested in the company for 24,200 shares. Nomura Inc holds 27,273 shares or 0% of its portfolio. Gotham Asset Llc holds 0% or 38,823 shares in its portfolio. Lpl Fincl Ltd Co holds 0% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON) for 10,100 shares. Deutsche National Bank Ag, a Germany-based fund reported 216,710 shares. Teacher Retirement System Of Texas reported 5,697 shares or 0% of all its holdings. Voya Management Limited Liability last reported 22,489 shares in the company. Evercore Wealth Mgmt Ltd last reported 0% of its portfolio in the stock. The Maryland-based Profund Advisors Lc has invested 0.01% in Iconix Brand Group Inc (NASDAQ:ICON). Millennium Mgmt Ltd Liability holds 0% or 42,447 shares in its portfolio. The Switzerland-based Swiss Commercial Bank has invested 0% in Iconix Brand Group Inc (NASDAQ:ICON). Strs Ohio owns 54,600 shares or 0% of their US portfolio. Arga Inv Mngmt Ltd Partnership has invested 0.21% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON).
Insider Transactions: Since May 9, 2016, the stock had 1 buying transaction, and 2 sales for $143,535 net activity. The insider BLUMBERG DAVID sold 11,000 shares worth $83,738. CUNEO F PETER also bought $399,500 worth of Iconix Brand Group Inc (NASDAQ:ICON) shares.
More notable recent Iconix Brand Group Inc (NASDAQ:ICON) news were published by: Prnewswire.com which released: “Iconix To Host Investor Day On November 15, 2016” on October 26, 2016, also Fool.com with their article: “Why Iconix Brand Group, Inc. Lost Half Its Value in November” published on December 06, 2015, Fool.com published: “Why Iconix Brand Group Inc. Shares Tumbled Today” on March 29, 2016. More interesting news about Iconix Brand Group Inc (NASDAQ:ICON) were released by: Prnewswire.com and their article: “Iconix Brand Group Announces its Conclusions Related to SEC Comment Letter …” published on February 18, 2016 as well as Fool.com‘s news article titled: “Why Iconix Brand Group Inc Stock Soared Today” with publication date: March 07, 2016.
ICON Company Profile
Iconix Brand Group, Inc., incorporated on June 17, 2005, is a brand management company. The Firm owns a diversified portfolio of over 35 global consumer brands across women’s, men’s, home and entertainment categories. The Firm operates through five divisions: men’s, women’s, home, entertainment and corporate. 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, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands. It operates in various geographic regions, including the United States, Japan and Other (which principally represent Latin America and Europe).
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