Iconix Brand Group, Inc. (NASDAQ:ICON) rose 7% during trading on Tuesday . The company traded as high as $1.14 and last traded at $1.07. Approximately 730,697 shares traded hands during trading, an increase of 67% from the average daily volume of 436,382 shares. The stock had previously closed at $1.00.
Separately, ValuEngine downgraded shares of Iconix Brand Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings results on Tuesday, May 14th. The brand management company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Iconix Brand Group by 17.9% during the third quarter. Vanguard Group Inc. now owns 4,461,444 shares of the brand management company’s stock worth $1,384,000 after buying an additional 676,877 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Iconix Brand Group by 17.9% during the third quarter. Vanguard Group Inc now owns 4,461,444 shares of the brand management company’s stock worth $1,384,000 after buying an additional 676,877 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Iconix Brand Group by 1,020.2% during the third quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock worth $208,000 after buying an additional 612,121 shares in the last quarter.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Highlight Press and is owned by of Highlight Press. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://highlightpress.com/2019/05/21/iconix-brand-group-icon-stock-price-up-7.html.
About Iconix Brand Group (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.
Featured Article: Different Types of Derivatives
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.