Iconix Brand Group Company Profile (NASDAQ:ICON)

Iconix Brand Group trades on the NASDAQ under the ticker symbol "ICON."

Iconix Brand Group, Inc. (NASDAQ:ICON) issued its quarterly earnings results on Wednesday, August, 9th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.09. The business earned $64.60 million during the quarter, compared to analysts' expectations of $61 million. Iconix Brand Group had a positive return on equity of 10.38% and a negative net margin of 82.22%. The business's quarterly revenue was down 32.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. View Iconix Brand Group's Earnings History.

Iconix Brand Group updated its FY17 earnings guidance on Wednesday, August, 9th. The company provided EPS guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.75. The company issued revenue guidance of $225-235 million, compared to the consensus revenue estimate of $237.99 million.

5 brokers have issued 12-month price targets for Iconix Brand Group's shares. Their predictions range from $6.00 to $13.00. On average, they anticipate Iconix Brand Group's stock price to reach $9.13 in the next twelve months. View Analyst Ratings for Iconix Brand Group.

Here are some recent quotes from research analysts about Iconix Brand Group stock:

• 1. FBR & Co analysts commented, "We are reiterating our Buy rating, estimates, and $8.50 price target on ICON after meeting with Iconix management. With financial pressures basically cured for the near term and the company focused on driving organic revenue growth and new licensing agreements for key brands, we believe that ICON, trading under 8.5x our somewhat conservative 2018 EPS projection, represents a compelling investment in the current management team and a shifting business model that still provides material visibility and free cash flow. We also believe that, as the company moves key brands to new homes, investors will view the perceived risks to the business model as shrinking and drive higher valuations." (9/14/2017)
• 2. According to Zacks Investment Research, "Shares of Iconix have been underperforming the Zacks Categorized industry since past six months. Further, Iconix also reported weaker-than-expected first-quarter 2017 results, wherein both earnings and revenues lagged the Zacks Consensus Estimate and declined year-over-year. The company also slashed its sales guidance expectation for 2017. Though the divestment of non-core brands like Sharper Image and Badgley Mischka are in-line with the company’s focus on managing its portfolio and spending resources on businesses that generate significant volume, we note that Iconix has been witnessing sluggishness in the women's and men's segments in the last nine consecutive quarters. With the sale of the company’s Peanuts and Strawberry Shortcake brands, management expects to reduce its debt. However, it expects challenging retail environment, sluggish international segment and competitive pressure also remain headwinds." (7/17/2017)

Some companies that are related to Iconix Brand Group include Mulberry Group PLC (MUL), Duluth Holdings (DLTH), Mothercare plc (MTC), Delta Apparel (DLA), Lakeland Industries (LAKE), Vince Holding Corp. (VNCE), Differential Brands Group (DFBG), Bagir Group Ltd (BAGR), Naibu Global International Company PLC (NBU) and Tumi Holdings (TUMI).

Iconix Brand Group's management team includes the folowing people:

• F. Peter Cuneo, Executive Chairman of the Board
• John N. Haugh, President, Chief Executive Officer, Director
• David K. Jones, Chief Financial Officer, Executive Vice President
• Jason Schaefer, Executive Vice President, General Counsel
• Drew Cohen, Lead Independent Director
• Mark A Friedman, Independent Director
• Sue E. Gove, Independent Director
• Sanjay Khosla, Independent Director
• James A. Marcum, Independent Director

Iconix Brand Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.87%), Dimensional Fund Advisors LP (8.26%), Huber Capital Management LLC (5.27%), HUBER CAPITAL MANAGEMENT LLC (5.06%), Van Berkom & Associates Inc. (4.72%) and State Street Corp (2.29%). Company insiders that own Iconix Brand Group stock include David Blumberg and F Peter Cuneo. View Institutional Ownership Trends for Iconix Brand Group.

Iconix Brand Group's stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, Goldman Sachs Group Inc., Parametric Portfolio Associates LLC, Huber Capital Management LLC, Wells Fargo & Company MN, Dimensional Fund Advisors LP, Stevens Capital Management LP and Public Sector Pension investment Board. View Insider Buying and Selling for Iconix Brand Group.

Iconix Brand Group's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Van Berkom & Associates Inc., First Manhattan Co., Los Angeles Capital Management & Equity Research Inc., Permit Capital LLC, OxFORD Asset Management LLP, Schwab Charles Investment Management Inc. and Smith Graham & Co. Investment Advisors LP. View Insider Buying and Selling for Iconix Brand Group.

Shares of Iconix Brand Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Iconix Brand Group stock can currently be purchased for approximately $5.38.