Iconix Brand Group, Inc. (ICON)’s Trend Down, Especially After Today’s 52 Week Low Hit

April 17, 2018 - By Henry Gaston

Iconix Brand Group, Inc. (NASDAQ:ICON) Logo

Investors sentiment decreased to 0.52 in Q4 2017. Its down 0.40, from 0.92 in 2017Q3. It worsened, as 45 investors sold Iconix Brand Group, Inc. shares while 34 reduced holdings. 23 funds opened positions while 18 raised stakes. 38.84 million shares or 19.63% less from 48.32 million shares in 2017Q3 were reported.
Teacher Retirement Of Texas holds 0% in Iconix Brand Group, Inc. (NASDAQ:ICON) or 14,887 shares. Verition Fund Management Limited Company reported 39,481 shares stake. Parallax Volatility Advisers L P owns 7,644 shares for 0% of their portfolio. Advisory Ntwk Ltd Liability Corporation has 564 shares. Los Angeles Capital Equity accumulated 0% or 87,770 shares. Group One Trading L P invested in 175,603 shares or 0% of the stock. Public Employees Retirement Sys Of Ohio holds 0% in Iconix Brand Group, Inc. (NASDAQ:ICON) or 31,339 shares. Bridgeway Capital Mngmt invested in 45,000 shares. Pomelo Capital Ltd Liability Corp stated it has 0.11% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON). D E Shaw & Inc stated it has 0% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON). Ruggie Cap Gp has 3,000 shares for 0% of their portfolio. Paloma Management holds 35,448 shares or 0% of its portfolio. Jefferies Group Limited Liability Com holds 209,200 shares. Schwab Charles Mgmt invested in 0% or 1.26M shares. Moreover, Great West Life Assurance Communications Can has 0% invested in Iconix Brand Group, Inc. (NASDAQ:ICON).

The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) hit a new 52-week low and has $0.85 target or 6.00 % below today’s $0.90 share price. The 7 months bearish chart indicates high risk for the $57.36 million company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $0.85 price target is reached, the company will be worth $3.44 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.82% or $0.0658 during the last trading session, reaching $0.8993. About 1.58M shares traded. Iconix Brand Group, Inc. (NASDAQ:ICON) has declined 83.62% since April 17, 2017 and is downtrending. It has underperformed by 95.17% the S&P500.

Iconix Brand Group, Inc. (NASDAQ:ICON) Ratings Coverage

Among 3 analysts covering Iconix Brand Group (NASDAQ:ICON), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Iconix Brand Group had 6 analyst reports since October 31, 2017 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, October 31 by Roth Capital. Roth Capital maintained the stock with “Hold” rating in Thursday, February 15 report. FBR Capital downgraded the stock to “Hold” rating in Monday, October 30 report. The rating was maintained by Roth Capital on Thursday, March 15 with “Hold”. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) earned “Hold” rating by Roth Capital on Wednesday, December 6.

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across the womenÂ’s, menÂ’s, entertainment, and home industries in the United States and internationally. The company has market cap of $57.36 million. The companyÂ’s brand portfolio includes Candie's, Bongo, Joe Boxer, Rampage, Mudd, Mossimo, London Fog, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/ Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Umbro, Lee Cooper, Ecko Unltd/Mark Ecko Cut & Sew, Strawberry Shortcake, and Artful Dodger brands. It currently has negative earnings. It also owns interests in the Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham, Hydraulic, and Pony Brands.

Iconix Brand Group, Inc. (NASDAQ:ICON) Institutional Positions Chart

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