Shares of Iconix Brand Group, Inc. (NASDAQ:ICON) traded up 6.7% on Wednesday . The company traded as high as $0.17 and last traded at $0.16. 2,221,271 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 1,716,275 shares. The stock had previously closed at $0.15.
The company has a market cap of $11.14 million, a price-to-earnings ratio of 0.54 and a beta of 1.14.
Iconix Brand Group (NASDAQ:ICON) last posted its quarterly earnings results on Friday, November 9th. The brand management company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Iconix Brand Group had a negative net margin of 1.22% and a negative return on equity of 31.50%. The business had revenue of $46.22 million during the quarter.
Several hedge funds have recently modified their holdings of ICON. Renaissance Technologies LLC grew its holdings in shares of Iconix Brand Group by 1,020.2% during the third 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. Jane Street Group LLC purchased a new position in shares of Iconix Brand Group during the second quarter worth about $147,000. Paloma Partners Management Co grew its holdings in shares of Iconix Brand Group by 610.7% during the second quarter. Paloma Partners Management Co now owns 243,900 shares of the brand management company’s stock worth $142,000 after buying an additional 209,581 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of Iconix Brand Group by 22.2% during the second quarter. Nomura Holdings Inc. now owns 1,081,307 shares of the brand management company’s stock worth $631,000 after buying an additional 196,793 shares during the last quarter. 26.58% of the stock is currently owned by institutional investors.
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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.
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