Iconix Brand Group (NASDAQ:ICON) Trading 7.3% Higher

Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) traded up 7.3% during trading on Friday . The stock traded as high as $1.94 and last traded at $1.91, 151,800 shares changed hands during trading. A decline of 58% from the average session volume of 361,265 shares. The stock had previously closed at $1.78.

Separately, ValuEngine lowered shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

The company’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $1.21.

Iconix Brand Group (NASDAQ:ICON) last released its earnings results on Thursday, August 8th. The brand management company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $34.39 million during the quarter. Iconix Brand Group had a negative net margin of 18.61% and a negative return on equity of 0.97%.

An institutional investor recently raised its position in Iconix Brand Group stock. Vanguard Group Inc. lifted its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 97.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,356 shares of the brand management company’s stock after acquiring an additional 109,959 shares during the quarter. Vanguard Group Inc. owned 2.07% of Iconix Brand Group worth $190,000 at the end of the most recent reporting period. Institutional investors own 9.71% of the company’s stock.

Iconix Brand Group Company Profile (NASDAQ:ICON)

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.

Further Reading: When can a hold rating present a buying opportunity?

Receive News & Ratings for Iconix Brand Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iconix Brand Group and related companies with MarketBeat.com's FREE daily email newsletter.