Iconix Brand Group, Inc. (NASDAQ:ICON) Chairman Sells $46,797.92 in Stock

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Iconix Brand Group, Inc. (NASDAQ:ICON) Chairman F Peter Cuneo sold 179,992 shares of Iconix Brand Group stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $0.26, for a total transaction of $46,797.92. Following the transaction, the chairman now directly owns 329,949 shares in the company, valued at $85,786.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

F Peter Cuneo also recently made the following trade(s):

  • On Wednesday, September 19th, F Peter Cuneo sold 44,350 shares of Iconix Brand Group stock. The shares were sold at an average price of $0.26, for a total transaction of $11,531.00.

Shares of NASDAQ ICON traded up $0.02 during trading hours on Friday, hitting $0.23. The stock had a trading volume of 1,695,876 shares, compared to its average volume of 1,719,156. Iconix Brand Group, Inc. has a 52 week low of $0.20 and a 52 week high of $5.43. The company has a debt-to-equity ratio of -7.12, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $21.20 million, a price-to-earnings ratio of 0.30 and a beta of 0.86.

Iconix Brand Group (NASDAQ:ICON) last issued its earnings results on Wednesday, August 8th. The brand management company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Iconix Brand Group had a negative return on equity of 52.93% and a negative net margin of 281.71%. The business had revenue of $50.21 million during the quarter.

Separately, Zacks Investment Research downgraded shares of Iconix Brand Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $2.69.

A number of institutional investors have recently bought and sold shares of ICON. Paloma Partners Management Co boosted its holdings in Iconix Brand Group by 610.7% during the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock worth $142,000 after buying an additional 209,581 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Iconix Brand Group during the 2nd quarter worth approximately $147,000. Park West Asset Management LLC bought a new position in shares of Iconix Brand Group during the 1st quarter worth approximately $555,000. Nomura Holdings Inc. boosted its stake in shares of Iconix Brand Group by 22.2% during the 2nd quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock worth $631,000 after acquiring an additional 196,793 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Iconix Brand Group by 43.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,808,231 shares of the brand management company’s stock worth $2,008,000 after acquiring an additional 546,656 shares during the period. Institutional investors and hedge funds own 26.64% of the company’s stock.

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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