Analyst Rating Update on Iconix Brand Group (ICON)

Iconix Brand Group (NASDAQ:ICON) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Iconix Brand Group (NASDAQ:ICON) : The highest level Iconix Brand Group (NASDAQ:ICON) is projected to reach is $12 for the short term and the lowest estimate is at $10. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $10.67 and the possibility the share price can swing is $1.15.

Company shares have received an average consensus rating of Hold for the current week

Iconix Brand Group (NASDAQ:ICON): stock turned positive on Tuesday. Though the stock opened at $6.61, the bulls momentum made the stock top out at $6.82 level for the day. The stock recorded a low of $6.6001 and closed the trading day at $6.74, in the green by 2.74%. The total traded volume for the day was 1,221,210. The stock had closed at $6.56 in the previous days trading.

In an insider trading activity, Blumberg David, officer (EVP – Chief Strategy Officer) of Iconix Brand Group, Inc., unloaded 11,000 shares at an average price of $7.61 on May 19, 2016. The total amount of the transaction was worth $83,710, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Iconix Brand Group, Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across womens, mens, entertainment and home. The Companys brand portfolio includes Candies, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific (OP), Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Sharper Image, Umbro, Lee Cooper, Ecko Unltd., Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger, Material Girl, Peanuts, Ed Hardy, Truth or Dare, Billionaire Boys Club, Ice Cream, Modern Amusement, Buffalo, Nick Graham, Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products, including apparel, footwear, fashion accessories, sportswear, home products and decor, and beauty and fragrance, and in the case of its Sharper Image brand, consumer electronics and novelty products.

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