Iconix Brand Group (ICON) Receives Daily News Impact Score of 0.12

Press coverage about Iconix Brand Group (NASDAQ:ICON) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iconix Brand Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the brand management company an impact score of 46.2805006563354 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Iconix Brand Group (NASDAQ ICON) traded down $0.05 on Wednesday, reaching $1.41. 1,437,600 shares of the company were exchanged, compared to its average volume of 1,103,187. The firm has a market cap of $80.48, a price-to-earnings ratio of 1.40 and a beta of 1.38. Iconix Brand Group has a 1-year low of $1.36 and a 1-year high of $10.80. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02.

Several equities research analysts have recently issued reports on ICON shares. FBR & Co lowered shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.50 to $4.00 in a research report on Monday, October 30th. B. Riley reissued a “neutral” rating and issued a $4.00 price objective (down previously from $8.50) on shares of Iconix Brand Group in a research report on Wednesday, November 1st. Roth Capital reissued a “neutral” rating on shares of Iconix Brand Group in a research report on Tuesday, October 31st. ValuEngine raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Sidoti started coverage on shares of Iconix Brand Group in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $6.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Iconix Brand Group has an average rating of “Hold” and a consensus target price of $5.00.

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About Iconix Brand Group

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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