Iconix Brand Group shares had a trading volume of 517K by the end of trading on Tuesday. Overall, volume was down 84.29% under the stocks normal daily volume.
Investors are a little more bullish on the company if you look at the downtick in short interest. The firm experienced a fall in short interest of -10.28% as of the latest report on October 13, 2017. Short interest decreased from 6,995,269 to 6,276,017 over that period. The short-interest ratio increased to 14.0 and the percentage of shorted shares was 0.11% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (ICON). Oppenheimerfunds, Inc. augmented its holdings by buying 28,949 shares an increase of 0.5% from 06/30/2017 to 09/30/2017. Oppenheimerfunds, Inc. owns 6,037,123 shares with a value of $34,351,000. The total value of its holdings decreased 17.3%. Dimensional Fund Advisors Lp cut its position by shedding 423,768 shares a decrease of 9.0%. Dimensional Fund Advisors Lp claims 4,291,150 shares worth $24,417,000. The value of the position overall is down by 25.1%.
Ubs Asset Management Americas Inc grew its investment by buying 628 shares an increase of 765.9% as of 09/30/2017. Ubs Asset Management Americas Inc now holds 710 shares valued at $4,040,000. The total value of its holdings increased 612.5%. Malaga Cove Capital, LLC added to its ownership by buying 17,519 shares an increase of 12.0% in the quarter. Malaga Cove Capital, LLC now controls 163,699 shares valued at $936,000. The total value of its holdings decreased 7.5%.
On October 31, 2017 Roth Capital maintained a “Neutral” rating on the company.
On September 19, 2017 Sidoti updated guidance on ICON giving it an initial rating of “Neutral”. On September 14 FBR & Co kept the stock rating at “Buy” targeting a price of $8.50.
The company is now up by 2.22% percent from yesterday’s close. Iconix Brand Group currently has a P/E ratio of N/A and market capitalization is 105.02M. As of the last earnings report the EPS was $-5.20 with 57.08M shares presently outstanding.
Iconix Brand Group, Inc., launched on June 17, 2005, 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, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment and international. The Business’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, Sharper Image, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands. It operates in various geographic regions, including the United States, Japan and Other (which principally represent Latin America and Europe)..Advertisement