Alliancebernstein L.P. Buys 6,600 Shares of Iconix Brand Group, Inc. (ICON)

Alliancebernstein L.P. lifted its stake in Iconix Brand Group, Inc. (NASDAQ:ICON) by 29.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,291 shares of the brand management company’s stock after purchasing an additional 6,600 shares during the quarter. Alliancebernstein L.P. owned about 0.05% of Iconix Brand Group worth $202,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Iconix Brand Group by 11.1% in the first quarter. Public Employees Retirement System of Ohio now owns 16,993 shares of the brand management company’s stock valued at $128,000 after purchasing an additional 1,691 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Iconix Brand Group by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the brand management company’s stock valued at $160,000 after purchasing an additional 300 shares during the last quarter. KCG Holdings Inc. acquired a new stake in shares of Iconix Brand Group in the first quarter valued at approximately $191,000. Arizona State Retirement System increased its holdings in shares of Iconix Brand Group by 1.7% in the second quarter. Arizona State Retirement System now owns 29,760 shares of the brand management company’s stock valued at $206,000 after purchasing an additional 500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Iconix Brand Group by 67.0% in the second quarter. BNP Paribas Arbitrage SA now owns 29,890 shares of the brand management company’s stock valued at $207,000 after purchasing an additional 11,991 shares during the last quarter. 83.27% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on ICON shares. Zacks Investment Research raised Iconix Brand Group from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub raised Iconix Brand Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. FBR & Co reissued an “outperform” rating and set a $8.50 target price on shares of Iconix Brand Group in a research note on Wednesday, August 9th. Cowen and Company set a $9.00 target price on Iconix Brand Group and gave the stock a “hold” rating in a research note on Monday, August 14th. Finally, Sidoti started coverage on Iconix Brand Group in a research note on Tuesday, September 19th. They set a “neutral” rating and a $6.00 target price for the company. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Shares of Iconix Brand Group, Inc. (NASDAQ ICON) opened at $1.83 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $102.74, a price-to-earnings ratio of 1.73 and a beta of 1.30. Iconix Brand Group, Inc. has a one year low of $1.44 and a one year high of $10.80.

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About Iconix Brand Group

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

Institutional Ownership by Quarter for Iconix Brand Group (NASDAQ:ICON)

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