Iconix Brand Group, Inc. (NASDAQ:ICON) is on recovery track with 67.36% gain from a 1-year low price of $1.44. The company added 30.27% to attain the price of $2.41 on 11/16/2017. Throughout the recent session, the prices were hovering between $1.86 and $2.45. These shares are 24.48% off its target price of $3 and the current market capitalization stands at $143.66M. The recent change has given its price a -46.37% deficit over SMA 50 and -77.69% deficit over its 52-week high. The stock witnessed -52.28% declines, -51.8% declines and -62.69% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ICON’s volatility during a week at 11.44% and during a month it has been found around 18.25%.Iconix Brand Group, Inc. (ICON) Top Holders
Institutional investors currently hold around $91 million or 90.9% in ICON stock. Look at its top three institutional owners. Blackrock Inc. owns $12.59 million in Iconix Brand Group, Inc., which represents roughly 8.77% of the company’s market cap and approximately 13.84% of the institutional ownership. Similar statistics are true for the second largest owner, Oppenheimerfunds, Inc., which owns 6,037,123 shares of the stock are valued at $11.17 million. The third largest holder is Vanguard Group Inc, which currently holds $8.87 million worth of this stock and that ownership represents nearly 6.17% of its market capitalization.Iconix Brand Group, Inc. 13F Filings
At the end of 09/30/2017 reporting period, 59 institutional holders increased their position in Iconix Brand Group, Inc. (NASDAQ:ICON) by some 4,789,981 shares, 69 decreased positions by 3,514,601 and 35 held positions by 40,799,013. That puts total institutional holdings at 49,103,595 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 2,224,182 shares while 33 institutional investors sold out their entire positions totaling 885,007 shares.
Multiple company employees have indulged in significant insider trading. Iconix Brand Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP – Chief Strategy Officer Blumberg David has sold 11,000 shares of Iconix Brand Group, Inc. (ICON) in trading session dated May. 19, 2016. These shares are worth $83,710 and were traded at $7.61 each. The SEC filing shows that Blumberg David performed a sale of 20,830 shares. The EVP – Chief Strategy Officer disposed these shares by way of transaction on May. 10, 2016. The company’s shares were given away at $8.27 per share worth to an income of some $172,264 on account of Blumberg David.
Executive Chairman, Cuneo F Peter, purchased 50,000 common shares of Iconix Brand Group, Inc. (ICON) in the open market. In a transaction dated May. 09, 2016, the shares were bought at an average price of $7.99, giving away a sum of $399,500. After this purchase, 310,838 common shares of ICON are directly owned by the insider, with total stake valued at $749,120.
In the transaction dated Mar. 28, 2016, the great number of shares disposed came courtesy the 10% Owner; Barclays Plc disposed a total of 1,900 shares at an average price of $7.82, amounting to approximately $14,858. The insider now directly owns 9,453,674 shares worth $22,783,354.Iconix Brand Group, Inc. (ICON) Analyst Guide
Several analysts have released their opinion on Iconix Brand Group, Inc. (NASDAQ:ICON), with 0 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.