Iconix Brand Group, Inc. (NASDAQ:ICON) Given “Neutral” Rating at B. Riley

B. Riley restated their neutral rating on shares of Iconix Brand Group, Inc. (NASDAQ:ICON) in a research note released on Wednesday, November 1st. They currently have a $4.00 price target on the brand management company’s stock, down from their prior price target of $8.50.

Other equities analysts also recently issued reports about the stock. FBR & Co reissued an outperform rating and issued a $8.50 price target on shares of Iconix Brand Group in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Iconix Brand Group from a sell rating to a hold rating in a report on Monday, July 17th. BidaskClub raised shares of Iconix Brand Group from a sell rating to a hold rating in a report on Tuesday, July 25th. Sidoti initiated coverage on shares of Iconix Brand Group in a report on Tuesday, September 19th. They set a neutral rating and a $6.00 price objective on the stock. Finally, Roth Capital downgraded shares of Iconix Brand Group from a buy rating to a neutral rating and set a $2.00 price objective on the stock. in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has a consensus rating of Hold and an average price target of $5.00.

Iconix Brand Group (ICON) opened at $2.27 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.27. The firm has a market cap of $123.86, a PE ratio of 2.08 and a beta of 1.30. Iconix Brand Group has a fifty-two week low of $1.44 and a fifty-two week high of $10.80.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Iconix Brand Group by 8.4% during the second quarter. Vanguard Group Inc. now owns 6,204,245 shares of the brand management company’s stock valued at $42,871,000 after buying an additional 481,845 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Iconix Brand Group by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,741,989 shares of the brand management company’s stock worth $35,659,000 after purchasing an additional 501,393 shares during the last quarter. Van Berkom & Associates Inc. increased its position in shares of Iconix Brand Group by 7.2% in the second quarter. Van Berkom & Associates Inc. now owns 2,695,624 shares of the brand management company’s stock worth $18,627,000 after purchasing an additional 180,723 shares during the last quarter. ING Groep NV bought a new position in shares of Iconix Brand Group in the third quarter worth approximately $11,096,000. Finally, State Street Corp increased its position in shares of Iconix Brand Group by 1.7% in the second quarter. State Street Corp now owns 1,304,008 shares of the brand management company’s stock worth $9,015,000 after purchasing an additional 22,222 shares during the last quarter. Hedge funds and other institutional investors own 85.40% 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.

Analyst Recommendations for Iconix Brand Group (NASDAQ:ICON)

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