Dimensional Fund Advisors LP lessened its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities Exchange Commission. The institutional investor owned 3,566,655 shares of the brand management company’s stock after selling 657,782 shares during the period. Dimensional Fund Advisors LP owned 5.45% of Iconix Brand Group worth $3,959,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its position in shares of Iconix Brand Group by 43.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,808,231 shares of the brand management company’s stock valued at $2,008,000 after purchasing an additional 546,656 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Iconix Brand Group during the 4th quarter valued at about $636,000. Finally, Two Sigma Investments LP bought a new stake in shares of Iconix Brand Group during the 4th quarter valued at about $528,000. 46.84% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on ICON shares. Zacks Investment Research upgraded Iconix Brand Group from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research report on Tuesday, April 17th. ValuEngine lowered Iconix Brand Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.29.
Shares of Iconix Brand Group opened at $0.50 on Thursday, Marketbeat reports. The company has a market capitalization of $33.56 million, a price-to-earnings ratio of 0.64 and a beta of 0.94. The company has a debt-to-equity ratio of -72.19, a quick ratio of 2.04 and a current ratio of 2.04. Iconix Brand Group, Inc. has a 52-week low of $0.49 and a 52-week high of $6.27.
Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Wednesday, August 8th. The brand management company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Iconix Brand Group had a positive return on equity of 39.97% and a negative net margin of 210.83%.
Iconix Brand Group Company Profile
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.
Featured Article: Stock Symbols and CUSIP Explained
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.