Arizona State Retirement System Has $206,000 Stake in Iconix Brand Group, Inc. (ICON)

Arizona State Retirement System grew its position in Iconix Brand Group, Inc. (NASDAQ:ICON) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,760 shares of the brand management company’s stock after acquiring an additional 500 shares during the period. Arizona State Retirement System owned about 0.05% of Iconix Brand Group worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in shares of Iconix Brand Group by 17.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 690,779 shares of the brand management company’s stock valued at $4,774,000 after acquiring an additional 101,212 shares during the period. First Manhattan Co. lifted its stake in shares of Iconix Brand Group by 580.9% during the 2nd quarter. First Manhattan Co. now owns 169,375 shares of the brand management company’s stock worth $1,170,000 after buying an additional 144,500 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Iconix Brand Group by 2.5% during the 2nd quarter. Texas Permanent School Fund now owns 41,661 shares of the brand management company’s stock worth $288,000 after buying an additional 1,024 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Iconix Brand Group by 9.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 79,385 shares of the brand management company’s stock worth $547,000 after buying an additional 7,000 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in shares of Iconix Brand Group by 7.2% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,695,624 shares of the brand management company’s stock worth $18,627,000 after buying an additional 180,723 shares during the last quarter. 82.89% of the stock is owned by institutional investors.

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Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) opened at 5.66 on Wednesday. The firm’s market cap is $323.14 million. The stock’s 50 day moving average is $5.84 and its 200-day moving average is $6.65. Iconix Brand Group, Inc. has a 1-year low of $4.79 and a 1-year high of $10.80.

Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Wednesday, August 9th. The brand management company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The company had revenue of $64.60 million during the quarter, compared to analyst estimates of $61.00 million. Iconix Brand Group had a negative net margin of 82.22% and a positive return on equity of 10.38%. The firm’s revenue for the quarter was down 32.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. Analysts expect that Iconix Brand Group, Inc. will post $0.67 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. Cowen and Company set a $9.00 target price on shares of Iconix Brand Group and gave the stock a “hold” rating in a research note on Monday, August 14th. FBR & Co restated an “outperform” rating and set a $8.50 target price on shares of Iconix Brand Group in a research note on Wednesday, August 9th. BidaskClub cut shares of Iconix Brand Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.17.

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.

Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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