Iconix Brand Group (NASDAQ:ICON) Shares Up 3.6%

Iconix Brand Group, Inc. (NASDAQ:ICON) shot up 3.6% during mid-day trading on Friday . The company traded as high as $0.88 and last traded at $0.86. 9,110 shares were traded during trading, a decline of 98% from the average session volume of 433,511 shares. The stock had previously closed at $0.83.

Separately, ValuEngine upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd.

The company has a fifty day moving average of $0.87.

Iconix Brand Group (NASDAQ:ICON) last announced its quarterly earnings results on Tuesday, May 14th. The brand management company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.04. The business had revenue of $35.94 million during the quarter. Iconix Brand Group had a negative net margin of 63.02% and a negative return on equity of 6.88%.

An institutional investor recently raised its position in Iconix Brand Group stock. Vanguard Group Inc. lifted its position in shares of Iconix Brand Group, Inc. (NASDAQ:ICON) by 17.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,461,444 shares of the brand management company’s stock after buying an additional 676,877 shares during the period. Vanguard Group Inc. owned approximately 5.93% of Iconix Brand Group worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 6.90% 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.

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