Iconix Brand Group, Inc. (ICON) Stock Price Hits Yearly Low Today

April 17, 2018 - By Linda Rogers

Iconix Brand Group, Inc. (NASDAQ:ICON) Logo

Investors sentiment decreased to 0.52 in 2017 Q4. Its down 0.40, from 0.92 in 2017Q3. It worsened, as 45 investors sold Iconix Brand Group, Inc. shares while 34 reduced holdings. 23 funds opened positions while 18 raised stakes. 38.84 million shares or 19.63% less from 48.32 million shares in 2017Q3 were reported.
Bridgeway Cap Mgmt accumulated 45,000 shares. Morgan Stanley holds 0% or 464,949 shares in its portfolio. Radcliffe Capital Management L P holds 21,700 shares or 0% of its portfolio. Ubs Asset Mngmt Americas reported 0% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON). Citadel Advisors Lc invested in 0% or 310,122 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 25,104 shares for 0% of their portfolio. Moreover, Meeder Asset Mgmt has 0% invested in Iconix Brand Group, Inc. (NASDAQ:ICON) for 1,687 shares. Credit Suisse Ag holds 0% or 31,943 shares in its portfolio. Connecticut-based Tudor Invest Corp Et Al has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Connor Clark Lunn Investment Mgmt Ltd invested in 681,876 shares. Illinois-based Grp One Trading Limited Partnership has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Pomelo Ltd Limited Liability Company holds 2.92M shares. Comml Bank Of America De, North Carolina-based fund reported 60,626 shares. Sei Investments Com invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Ontario – Canada-based Canada Pension Plan Invest Board has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON).

The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) hit a new 52-week low and has $0.85 target or 6.00 % below today’s $0.90 share price. The 7 months bearish chart indicates high risk for the $57.36 million company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $0.85 price target is reached, the company will be worth $3.44 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.82% or $0.0658 during the last trading session, reaching $0.8993. About 1.58 million shares traded. Iconix Brand Group, Inc. (NASDAQ:ICON) has declined 83.62% since April 17, 2017 and is downtrending. It has underperformed by 95.17% the S&P500.

Iconix Brand Group, Inc. (NASDAQ:ICON) Ratings Coverage

Among 3 analysts covering Iconix Brand Group (NASDAQ:ICON), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Iconix Brand Group had 6 analyst reports since October 31, 2017 according to SRatingsIntel. As per Thursday, February 15, the company rating was maintained by Roth Capital. The rating was downgraded by Roth Capital to “Neutral” on Tuesday, October 31. As per Thursday, March 15, the company rating was maintained by Roth Capital. FBR Capital downgraded Iconix Brand Group, Inc. (NASDAQ:ICON) rating on Monday, October 30. FBR Capital has “Hold” rating and $4.0 target. As per Wednesday, December 6, the company rating was maintained by Roth Capital.

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across the womenÂ’s, menÂ’s, entertainment, and home industries in the United States and internationally. The company has market cap of $57.36 million. The companyÂ’s brand portfolio includes Candie's, Bongo, Joe Boxer, Rampage, Mudd, Mossimo, London Fog, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/ Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Umbro, Lee Cooper, Ecko Unltd/Mark Ecko Cut & Sew, Strawberry Shortcake, and Artful Dodger brands. It currently has negative earnings. It also owns interests in the Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham, Hydraulic, and Pony Brands.

Iconix Brand Group, Inc. (NASDAQ:ICON) Institutional Positions Chart

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