Iconix Brand Group Inc (ICON) is Initiated by Guggenheim to Neutral

Iconix Brand Group Inc (ICON) was Initiated by Guggenheim to “Neutral”. Guggenheim advised their investors in a research report released on Sep 30, 2016.

On the company’s financial health, Iconix Brand Group Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $95.74 million for the quarter, compared to analysts expectations of $95.22 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Iconix Brand Group Inc opened for trading at $8.1 and hit $8.29 on the upside on Tuesday, eventually ending the session at $8.18, with a gain of 0.86% or 0.07 points. The heightened volatility saw the trading volume jump to 2,31,729 shares. Company has a market cap of $459 M.

In a different news, on May 20, 2016, David Blumberg (EVP – Chief Strategy Officer) sold 11,000 shares at $7.61 per share price. According to the SEC, on May 11, 2016, F Peter Cuneo (Executive Chairman) purchased 50,000 shares at $7.99 per share price.

Iconix Brand Group Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s men’s entertainment and home. The Company’s brand portfolio includes Candie’s 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.

Iconix Brand Group Inc

Leave a Reply

Iconix Brand Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Iconix Brand Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.