Short Term Rating on Iconix Brand Group (ICON)

Iconix Brand Group (ICON) : 1 brokerage houses believe that Iconix Brand Group (ICON) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Iconix Brand Group (ICON). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.

Iconix Brand Group (ICON) : 3 Wall Street analysts covering Iconix Brand Group (ICON) believe that the average level the stock could reach for the short term is $10.67. The maximum price target given is $12 and the minimum target for short term is around $10, hence the standard deviation is calculated at $1.15.

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


Iconix Brand Group (NASDAQ:ICON): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.94 and $6.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.94, notching a gain of 0.29% for the day. The total traded volume was 1,374,056 . The stock had closed at $6.92 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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