Trade Report: The Dimensional Fund Advisors LP Cuts Stake in Iconix Brand Group Inc. (ICON)

The Dimensional Fund Advisors LP Cuts Stake in Iconix Brand Group Inc. (ICON)

Dimensional Fund Advisors LP lowered its position in Iconix Brand Group Inc. (NASDAQ:ICON) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,910,928 shares of the company’s stock after selling 16,219 shares during the period. Dimensional Fund Advisors LP owned approximately 8.06% of Iconix Brand Group worth $26,438,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in shares of Iconix Brand Group by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 730,622 shares of the company’s stock valued at $5,882,000 after buying an additional 16,893 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Iconix Brand Group by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 568,242 shares of the company’s stock valued at $4,574,000 after buying an additional 82,777 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its position in shares of Iconix Brand Group by 12.9% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 500,885 shares of the company’s stock valued at $3,386,000 after buying an additional 57,180 shares during the last quarter. Ariose Capital Management Ltd purchased a new position in shares of Iconix Brand Group during the second quarter valued at $2,705,000. Finally, Prudential Financial Inc. boosted its position in shares of Iconix Brand Group by 183.2% in the first quarter. Prudential Financial Inc. now owns 315,292 shares of the company’s stock valued at $2,538,000 after buying an additional 203,963 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.

Iconix Brand Group Inc. (NASDAQ:ICON) opened at 7.84 on Friday. Iconix Brand Group Inc. has a 52-week low of $4.67 and a 52-week high of $16.88. The firm’s market cap is $440.03 million. The firm has a 50-day moving average of $8.05 and a 200-day moving average of $7.83.

Iconix Brand Group (NASDAQ:ICON) last released its earnings results on Thursday, August 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Iconix Brand Group had a positive return on equity of 7.26% and a negative net margin of 63.95%. The company earned $95.70 million during the quarter, compared to the consensus estimate of $97.02 million. During the same quarter last year, the company earned $0.45 earnings per share. Iconix Brand Group’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts anticipate that Iconix Brand Group Inc. will post $1.17 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Iconix Brand Group from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, August 31st. Guggenheim assumed coverage on shares of Iconix Brand Group in a research report on Friday, September 30th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Iconix Brand Group currently has a consensus rating of “Hold” and an average price target of $10.50.

About Iconix Brand Group

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