The stock of Iconix Brand Group Inc (NASDAQ:ICON) is a huge mover today! About 1.11M shares traded hands or 93.42% up from the average. Iconix Brand Group Inc (NASDAQ:ICON) has risen 12.87% since April 8, 2016 and is uptrending. It has outperformed by 7.22% the S&P500.
The move comes after 9 months positive chart setup for the $543.11M company. It was reported on Nov, 10 by Barchart.com. We have $15.46 PT which if reached, will make NASDAQ:ICON worth $374.75 million more.
Analysts await Iconix Brand Group Inc (NASDAQ:ICON) to report earnings on November, 14. They expect $0.16 EPS, up 77.78% or $0.07 from last year’s $0.09 per share. ICON’s profit will be $9.50 million for 14.30 P/E if the $0.16 EPS becomes a reality. After $0.27 actual EPS 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 has “Neutral” rating by Guggenheim given on Friday, September 30. The rating was downgraded by Monness Crespi & Hardt on Friday, November 6 to “Neutral”. The rating was downgraded by Nomura to “” on Friday, August 7. The company was maintained on Friday, November 6 by Wunderlich. The firm has “Buy” rating given on Wednesday, November 11 by TH Capital. The stock has “Hold” rating given by Brean Capital on Friday, November 6. As per Friday, August 7, the company rating was downgraded by Wunderlich. The firm has “Buy” rating by Brean Capital given on Friday, August 7. The firm has “Buy” rating by Roth Capital given on Wednesday, November 11. The firm has “Buy” rating given on Wednesday, August 12 by Monness Crespi & Hardt.
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.
Moreover, Credit Suisse Ag has 0% invested in Iconix Brand Group Inc (NASDAQ:ICON) for 69,381 shares. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Iconix Brand Group Inc (NASDAQ:ICON). Cna reported 79,787 shares or 0.13% of all its holdings. The Pennsylvania-based Irving Magee Inv Mgmt has invested 1.12% in Iconix Brand Group Inc (NASDAQ:ICON). Northern Corporation accumulated 733,511 shares or 0% of the stock. Blackrock last reported 0% of its portfolio in the stock. Connor Clark And Lunn Invest Management Ltd last reported 1.31M shares in the company. The Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0% in Iconix Brand Group Inc (NASDAQ:ICON). California State Teachers Retirement accumulated 0% or 89,845 shares. Moreover, Huber Capital Mngmt Llc has 1.59% invested in Iconix Brand Group Inc (NASDAQ:ICON) for 5.73M shares. Bragg Inc, a North Carolina-based fund reported 189,459 shares. The Washington-based Parametric Limited Liability has invested 0% in Iconix Brand Group Inc (NASDAQ:ICON). Jacobs Levy Equity Mgmt accumulated 271,713 shares or 0.04% of the stock. Buckingham Capital Mgmt reported 691,862 shares or 0.57% of all its holdings. Alliancebernstein Ltd Partnership has 36,091 shares for 0% of their US portfolio.
Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 1 sale for $83,738 net activity. Another trade for 11,000 shares valued at $83,738 was sold by BLUMBERG DAVID.
More notable recent Iconix Brand Group Inc (NASDAQ:ICON) news were published by: Fool.com which released: “Why Iconix Brand Group Inc Stock Tumbled Today” on November 08, 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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