Iconix Brand Group Inc (ICON) Position Maintained by First National Bank Sioux Falls
First National Bank Sioux Falls held its stake in Iconix Brand Group Inc (NASDAQ:ICON) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,383 shares of the textile maker’s stock at the end of the first quarter. First National Bank Sioux Falls’ holdings in Iconix Brand Group were worth $101,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ICON. Louisiana State Employees Retirement System boosted its stake in Iconix Brand Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the textile maker’s stock worth $172,000 after buying an additional 300 shares during the period. Strategic Investment Management LLC purchased a new stake in Iconix Brand Group during the fourth quarter worth $196,000. Ellington Management Group LLC purchased a new stake in Iconix Brand Group during the fourth quarter worth $113,000. New York State Teachers Retirement System boosted its stake in Iconix Brand Group by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 117,436 shares of the textile maker’s stock worth $1,097,000 after buying an additional 300 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Iconix Brand Group during the fourth quarter worth $135,000. 84.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Iconix Brand Group Inc (NASDAQ:ICON) traded down 2.66% during trading on Friday, reaching $7.32. 381,067 shares of the company were exchanged. Iconix Brand Group Inc has a 52-week low of $6.26 and a 52-week high of $10.80. The stock has a 50-day moving average of $7.36 and a 200 day moving average of $8.63. The stock’s market capitalization is $416.88 million.
Iconix Brand Group (NASDAQ:ICON) last posted its earnings results on Wednesday, February 22nd. The textile maker reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.28. The company earned $87.10 million during the quarter, compared to analyst estimates of $84.40 million. Iconix Brand Group had a positive return on equity of 8.59% and a negative net margin of 57.88%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. On average, equities analysts anticipate that Iconix Brand Group Inc will post $0.80 earnings per share for the current fiscal year.
A number of research firms recently weighed in on ICON. Roth Capital set a $13.00 price objective on shares of Iconix Brand Group and gave the stock a “buy” rating in a report on Thursday, February 23rd. Zacks Investment Research cut shares of Iconix Brand Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 13th.
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, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment 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, 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.
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