Iconix Brand Group Inc (ICON) : Smithwood Advisers has sold out all of its stake in Iconix Brand Group Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 155,353 shares of Iconix Brand Group Inc which is valued at $1,497,603.
Other Hedge Funds, Including , D.a. Davidson added ICON to its portfolio by purchasing 89 company shares during the most recent quarter which is valued at $858.Blackrock Advisors boosted its stake in ICON in the latest quarter, The investment management firm added 5,162 additional shares and now holds a total of 26,709 shares of Iconix Brand Group Inc which is valued at $213,672. Arga Investment Management Lp sold out all of its stake in ICON during the most recent quarter. The investment firm sold 100,800 shares of ICON which is valued $806,400.Nationwide Fund Advisors boosted its stake in ICON in the latest quarter, The investment management firm added 231,683 additional shares and now holds a total of 269,238 shares of Iconix Brand Group Inc which is valued at $2,143,134. Iconix Brand Group Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.
Iconix Brand Group Inc closed down -0.11 points or -1.14% at $9.52 with 7,54,441 shares getting traded on Monday. Post opening the session at $9.6, the shares hit an intraday low of $9.41 and an intraday high of $9.6618 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Iconix Brand Group Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 8, 2016. Analyst had a consensus of $0.15. The company had revenue of $90.90 million for the quarter, compared to analysts expectations of $88.91 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Iconix Brand Group Inc. Iconix Brand Group Inc was Initiated by Guggenheim to “Neutral” on Sep 30, 2016.
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.