Iconix Brand Group (ICON) Trading Down 6.7%

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Iconix Brand Group, Inc. (NASDAQ:ICON)’s share price traded down 6.7% during trading on Wednesday . The stock traded as low as $1.65 and last traded at $1.67. 565,350 shares were traded during mid-day trading, an increase of 83% from the average session volume of 308,897 shares. The stock had previously closed at $1.79.

Iconix Brand Group (NASDAQ:ICON) last released its quarterly earnings data on Wednesday, March 27th. The brand management company reported ($2.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($2.33). The firm had revenue of $42.71 million for the quarter. Iconix Brand Group had a negative return on equity of 30.83% and a negative net margin of 50.92%.

Several institutional investors have recently added to or reduced their stakes in ICON. Vanguard Group Inc lifted its position in shares of Iconix Brand Group by 17.9% during the 3rd quarter. Vanguard Group Inc now owns 4,461,444 shares of the brand management company’s stock worth $1,384,000 after purchasing an additional 676,877 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Iconix Brand Group by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,461,444 shares of the brand management company’s stock worth $1,384,000 after purchasing an additional 676,877 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Iconix Brand Group by 1,020.2% during the 3rd quarter. Renaissance Technologies LLC now owns 672,121 shares of the brand management company’s stock worth $208,000 after purchasing an additional 612,121 shares during the last quarter.

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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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