Iconix Brand Group (ICON) Trading Down 6.7%

Share on StockTwits

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.

ILLEGAL ACTIVITY WARNING: “Iconix Brand Group (ICON) Trading Down 6.7%” was originally posted by Zolmax and is owned by of Zolmax. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://zolmax.com/investing/iconix-brand-group-icon-trading-down-6-7/3011899.html.

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.

Further Reading: Is the Dow Jones Industrial Average (DJIA) still relevant?

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.



Latest News

Brokerages Anticipate Bluerock Residential Growth REIT Inc Class A   Will Announce Quarterly Sales of $52.02 Million
Brokerages Anticipate Bluerock Residential Growth REIT Inc Class A Will Announce Quarterly Sales of $52.02 Million
Unify  One Day Volume Tops $2,810.00
Unify One Day Volume Tops $2,810.00
Quaker Chemical Corp  Receives Average Recommendation of “Hold” from Brokerages
Quaker Chemical Corp Receives Average Recommendation of “Hold” from Brokerages
1World Price Hits $0.0280 on Major Exchanges
1World Price Hits $0.0280 on Major Exchanges
TELENET GRP HLD/ADR  Trading Up 0.1%
TELENET GRP HLD/ADR Trading Up 0.1%
Analysts Expect Corelogic Inc  Will Announce Earnings of $0.75 Per Share
Analysts Expect Corelogic Inc Will Announce Earnings of $0.75 Per Share


 
© 2006-2019 Zolmax.