Iconix Brand Group (ICON) Receiving Somewhat Favorable News Coverage, Study Finds

Press coverage about Iconix Brand Group (NASDAQ:ICON) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iconix Brand Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the brand management company an impact score of 45.691889318835 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Iconix Brand Group (NASDAQ:ICON) opened at $1.83 on Tuesday. The stock has a market cap of $102.74, a P/E ratio of 1.73 and a beta of 1.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.27. Iconix Brand Group has a 52 week low of $1.44 and a 52 week high of $10.80.

Several research firms have commented on ICON. B. Riley reissued a “neutral” rating and set a $4.00 target price (down previously from $8.50) on shares of Iconix Brand Group in a research note on Wednesday, November 1st. Roth Capital cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a research note on Monday, October 30th. FBR & Co cut shares of Iconix Brand Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $8.50 to $4.00 in a research note on Monday, October 30th. Sidoti began coverage on shares of Iconix Brand Group in a research note on Tuesday, September 19th. They set a “neutral” rating and a $6.00 target price on the stock. Finally, Cowen and Company set a $9.00 target price on shares of Iconix Brand Group and gave the company a “hold” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Iconix Brand Group has a consensus rating of “Hold” and a consensus target price of $5.00.

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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.

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