Iconix Brand Group Inc (ICON) : Solaris Asset Management scooped up 1,423 additional shares in Iconix Brand Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 35,823 shares of Iconix Brand Group Inc which is valued at $257,926.Iconix Brand Group Inc makes up approximately 0.18% of Solaris Asset Management’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in ICON by selling 46,200 shares or 45.83% in the most recent quarter. The Hedge Fund company now holds 54,600 shares of ICON which is valued at $393,120.Gemmer Asset Management boosted its stake in ICON in the latest quarter, The investment management firm added 143 additional shares and now holds a total of 400 shares of Iconix Brand Group Inc which is valued at $2,780.New York State Teachers Retirement System reduced its stake in ICON by selling 15,165 shares or 11.46% in the most recent quarter. The Hedge Fund company now holds 117,136 shares of ICON which is valued at $814,095.Bnp Paribas Arbitrage Sa boosted its stake in ICON in the latest quarter, The investment management firm added 7,902 additional shares and now holds a total of 14,962 shares of Iconix Brand Group Inc which is valued at $102,340.
Iconix Brand Group Inc opened for trading at $7.12 and hit $7.32 on the upside on Friday, eventually ending the session at $7.2, with a gain of 1.12% or 0.08 points. The heightened volatility saw the trading volume jump to 12,15,961 shares. Company has a market cap of $375 M.
On the company’s financial health, Iconix Brand Group Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.30 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.23. The company had revenue of $94.60 million for the quarter, compared to analysts expectations of $93.87 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.
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.