Analyst Rating Update on Iconix Brand Group (ICON)

Iconix Brand Group (ICON) : Zacks Investment Research ranks Iconix Brand Group (ICON) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.6, which indicates as a Hold.

Iconix Brand Group (ICON) stock is expected to deviate a maximum of $1.15 from the average target price of $10.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $10.

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


Iconix Brand Group (NASDAQ:ICON): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.71 and $6.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.85, notching a gain of 1.63% for the day. The total traded volume was 945,222 . The stock had closed at $6.74 on the previous day.

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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