Iconix Brand Group's (ICON) Neutral Rating Reaffirmed at B. Riley

Lloyd Doyle
November 18, 2017

(NASDAQ:ICON) is on recovery track with 67.36% gain from a 1-year low price of $1.44.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -61.9%, and has a solid year to date (YTD) performance of -74.2% which means that the stock is constantly adding to its value from the previous fiscal year end price. The stock exchanged hands 6.74 Million shares versus average trading capacity of 1.37 Million shares. Smith Graham & Com Investment Ltd Partnership has invested 0.57% in Iconix Brand Group Inc (NASDAQ:ICON). FBR & Co reissued a "buy" rating and issued a $8.50 price target on shares of Iconix Brand Group in a report on Thursday, September 14th.

COPYRIGHT VIOLATION WARNING: "Iconix Brand Group, Inc". Louisiana State Employees Retirement System raised its stake in Iconix Brand Group by 1.3% in the second quarter. They set a neutral rating and a $6.00 target price on the stock.

Shares of Iconix Brand Group (NASDAQ:ICON) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 4 while industry rank of the company by ABR is out of 265. The short ratio for ICON is 4.64 while that of PTN is just 1.43. Volume in the last session has decreased compared with ICON's average trading volume. The firm's market cap is $97.05 million. Iconix Brand Group has $25 highest and $4.0 lowest target.

Over the past 50 days, Iconix Brand Group, Inc. stock's -63.94% off of the high and 50.00% removed from the low.

Wal-Mart surged 8.74 percent to hit a record high of $97.90 after reporting quarterly sales that beat expectations on hurricane-related purchases and soaring online sales. However a year ago for the same quarter the company has reported $0.19 EPS. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. The company's quarterly revenue was down 32.5% compared to the same quarter previous year.

In the transaction dated March 28, 2016, the great number of shares disposed came courtesy the 10% Owner; Barclays Plc disposed a total of 1,900 shares at an average price of $7.82, amounting to approximately $14,858.

According to the latest data, investors are looking at Iconix Brand Group, Inc.

Separately, Guggenheim initiated coverage on shares of Iconix Brand Group in a research note on Friday, September 30th. "(ICON) Receives $9.13 Average Target Price from Analysts" was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and reposted in violation of US & global trademark and copyright legislation. Vanguard Group Inc. owned approximately 10.87% of Iconix Brand Group worth $42,871,000 as of its most recent SEC filing.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Over the last 12 months, ICON's free cash flow per share is a positive 0, while that of PTN is negative -0.03. Public Employees Retirement System of OH lifted its position in Iconix Brand Group by 5.2% during the 2nd quarter. (NASDAQ:ENT) are owned by insiders with 93.28% six-month change in the insider ownership. Profund Advisors LLC now owns 16,194 shares of the company's stock valued at $109,000 after buying an additional 1,518 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in Iconix Brand Group by 2.5% during the 2nd quarter. The same analysts are predicting that the company shares will trade to $3.00 within the next 12-18 months. Goldman Sachs Group Inc bolstered its investment by buying 145,096 shares an increase of 638.4% in the quarter.

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