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ICON $3.15

ICON target price
3.15
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Iconix Brand Group Inc.
Type
Public
Traded as NASDAQ: ICON
S&P 600 Component
Industry Textile
Founded 1978; 39 years ago (1978)
Founder Neil Cole
Headquarters New York City, New York, U.S.
Area served
Worldwide
Key people
John N. Haugh, President & CEO
Products Apparel
Revenue $400 million USD (Increase $80M FY 2011)
Number of employees
120
Subsidiaries Umbro, Lee Cooper, Starter, The Sharper Image
Website www.iconixbrand.com

Iconix Brand Group is an American brand management company that licenses brands to retailers and manufacturers primarily in the apparel, footwear, and apparel accessory industries. Its brands are available in such stores as Kohl's, Kmart, Sears, Macy's, Target and JC Penney.

The company began as Candie's, Inc., whose brand it purchased in 1993. The Bongo brand was purchased in 1998. The Badgley Mischka brand was purchased in 2004. The Joe Boxer and Rampage brands were acquired on July 22, 2005, and September 15, 2005, respectively. In 2006, the company acquired the Mudd, London Fog, Mossimo, Ocean Pacific brands on April 11, August 29, November 1, and November 6, respectively. The company continued with acquisitions in 2007 with the purchase of Cannon, Danskin, Artful Dodger, and Rocawear brands. On November 15, 2007, Iconix bought the Starter brand from Nike. On October 27, 2009, Iconix paid $109 million for a 51% stake in urban fashion brand Eckō Unltd. It acquired full ownership in May 2013.

On June 3, 2010, Iconix and Charles M. Schulz Creative Associates jointly acquired all assets related to the Peanuts comic strip from its longtime owner, United Media, using the property to form a new company, Peanuts Worldwide, which is 80% owned by Iconix and 20% owned by Schulz Associates. Peanuts Worldwide also acquired United Media's licensing arm, which represents licensing for its other properties including Dilbert and Fancy Nancy.

In 2011, Iconix acquired electronics brand The Sharper Image. In October 2012, Nike Inc. announced that it had agreed with Iconix Brand Group to sell English brand Umbro for USD $225 million. The acquisition was completed in December 2012.

In 2013, Iconix acquired Lee Cooper from Sun Capital Partners. In February 2013, Iconix acquired control of the Buffalo David Bitton brand in an effort to expand into higher-end brands. Iconix paid Buffalo International ULC $76.5 million in cash for a 51% stake in the brand.

In February 2015, Iconix bought the Strawberry Shortcake brand from American Greetings. Also that month, Iconix and Anthony L&S Athletics LLC acquired North American rights and related intangible assets of Pony from Symphony Holdings LLC with the option to purchase additional markets. A new subsidiary, owned 75% by Iconix and 25% by Anthony L&S, would hold the Pony rights.

In 2015, several top executives, including founder Neil Cole, resigned and Iconix was under investigation by the Securities and Exchange Commission.

In 2017, Iconix sold Badgley Mischka and The Sharper Image.

On May 10, 2017, DHX Media announced that it had acquired the Iconix entertainment division for $345 million. The sale was closed on June 30, 2017, gives DHX rights to the Strawberry Shortcake franchise, and more prominently, the 80% majority stake of Peanuts Worldwide.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2019 2021-05-13 0.00 0.00
Q4 2018 2021-03-31 0.00 0.00
Q3 2018 2018-11-09 0.00 -0.10

Ratings

2016-03-29 Reiterated Rating Roth Capital Buy
2016-03-08 Reiterated Rating Roth Capital Buy
2016-02-19 Reiterated Rating Brean Capital Hold
2016-02-19 Reiterated Rating Roth Capital Buy
2016-01-04 Reiterated Rating Brean Capital Hold
2015-12-29 Reiterated Rating Brean Capital Hold
2015-11-11 Boost Price Target Roth Capital Buy $7.00 to $12.00
2015-11-06 Downgrade Monness Crespi & Hardt Buy to Neutral
2015-11-06 Lower Price Target Wunderlich Hold $16.00 to $10.00
2015-11-06 Downgrade Brean Capital Buy to Hold
2015-08-13 Lower Price Target Brean Capital Buy $25.00 to $20.00
2015-08-12 Upgrade Monness Crespi & Hardt Neutral to Buy $18.00
2015-08-07 Downgrade Nomura Buy to Neutral $33.00
2015-08-07 Lower Price Target Brean Capital Buy $34.00 to $25.00
2015-08-07 Downgrade Wunderlich Buy to Hold $36.00 to $16.00
2015-08-07 Downgrade Nomura Holdings Inc. Buy to Neutral $33.00
2015-07-27 Reiterated Rating Roth Capital Buy $32.00 to $28.00
2015-07-23 Reiterated Rating Brean Capital Buy $34.00
2015-07-16 Reiterated Rating Wunderlich Buy
2015-06-18 Reiterated Rating Brean Capital Buy $34.00
2015-05-07 Reiterated Rating Cowen and Company Market Perform $36.00 to $30.00
2015-04-30 Lower Price Target Wunderlich Buy $44.00 to $36.00
2015-04-30 Reiterated Rating Roth Capital Buy $36.00 to $32.00
2015-04-30 Lower Price Target Telsey Advisory Group Market Perform $46.00 to $32.00
2015-04-21 Lower Price Target Brean Capital Buy $42.00 to $34.00
2015-04-20 Lower Price Target Roth Capital Buy $42.00 to $36.00
2015-04-02 Downgrade Cowen and Company Outperform to Market Perform $40.00 to $36.00
2015-03-18 Reiterated Rating Brean Capital Buy $42.00
2015-03-02 Lower Price Target Roth Capital Buy $46.00 to $42.00
2015-02-27 Set Price Target Brean Capital Buy $42.00
2015-02-24 Reiterated Rating Brean Capital Buy $42.00
2015-02-04 Upgrade Brean Capital Hold to Buy $42.00
2015-02-03 Boost Price Target Wunderlich Buy $42.00 to $44.00
2015-01-15 Upgrade Wunderlich Hold to Buy $42.00
2014-11-11 Initiated Coverage Roth Capital Buy $46.00
2014-09-18 Initiated Coverage Brean Capital Hold $40.00
2014-08-05 Initiated Coverage Wunderlich Hold $42.00
2014-07-25 Initiated Coverage Cowen and Company Outperform $52.00
2014-05-01 Boost Price Target Telsey Advisory Group Not Rated $40.00 to $46.00
2014-05-01 Reiterated Rating Citigroup Inc. Hold $44.00
2014-04-28 Upgrade Benchmark Co. Hold to Buy
2014-03-10 Upgrade Ned Davis Research Neutral to Buy
2014-02-21 Initiated Coverage Citigroup Inc. Neutral to Sell $40.00 to $41.00
2014-02-18 Upgrade Ned Davis Research Neutral to Buy
2014-02-12 Initiated Coverage Nomura Buy $45.00
2013-11-11 Upgrade Ned Davis Research Neutral to Buy
2013-10-30 Boost Price Target Benchmark Co. Hold $33.00 to $37.00
2013-09-30 Downgrade Ned Davis Research Buy to Neutral
2013-07-19 Downgrade Monness Crespi & Hardt Buy to Neutral $30 to $30
2013-05-16 Downgrade The Benchmark Company Buy to Hold $30
2013-02-05 Reiterated The Benchmark Company Buy $23 to $28
2012-11-02 Upgrade The Benchmark Company Hold to Buy
2012-09-20 Downgrade The Benchmark Company Buy to Hold $20
2012-02-22 Reiterated Brean Murray Buy $29 to $24
2011-03-22 Initiated The Benchmark Company Buy $25
2011-02-16 Reiterated Brean Murray Buy $21 to $27
2010-04-28 Reiterated Brean Murray Buy $19 to $21
2010-04-09 Reiterated Brean Murray Buy $17 to $19
2010-02-10 Upgrade Brean Murray Hold to Buy $17
2009-09-30 Downgrade Brean Murray Buy to Hold
2009-03-27 Initiated Credit Suisse Neutral
2008-11-26 Reiterated Lazard Capital Buy $21 to $15
2016-03-29 Reiterated Rating Roth Capital Buy
2016-03-08 Reiterated Rating Roth Capital Buy
2016-02-19 Reiterated Rating Brean Capital Hold
2016-02-19 Reiterated Rating Roth Capital Buy
2016-01-04 Reiterated Rating Brean Capital Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BARCLAYS PLC 9.84%  (4726837) HITT / ICON / LPTN / WAC /
COLE NEIL CEO and President 4.34%  (2086449) ICON /
HAUGH JOHN N President 1.01%  (484184) ARO / ICON /
CUNEO F PETER 0.67%  (322935) ICON /
BLUMBERG DAVID EVP-Head of Strategic Developm 0.29%  (138515) ICON /
TARSHIS ANDREW EVP and General Counsel 0.26%  (126077) ICON /
CLAMEN WARREN EVP & Chief Financial Officer 0.25%  (118838) ICON /
Horowitz Seth Chief Operating Officer 0.21%  (99049) ICON /
Jones David K. See Remarks 0.16%  (77003) ICON / PAG /
MARCUM JAMES 0.15%  (74057) ICON /
FRIEDMAN MARK A 0.14%  (65981) ICON /
EMANUEL BARRY 0.13%  (63645) ICON /
SHMIDMAN YEHUDA Chief Operating Officer 0.13%  (62129) ICON / SQBG /
COHEN DREW 0.13%  (61737) ICON /
Schaefer Jason EVP and General Counsel 0.12%  (55446) ICON /
GOVE SUE 0.06%  (30052) AZO / ICON / LOGI / MW /
Charney Laurence N 0.04%  (21434) ICON / TGTX /
Lupinacci Jeff See Remarks 0.04%  (18098) ICON /
O'Hara Kristen M 0.03%  (15481) ICON /
Sanjay Khosla 0.03%  (15481) BBY / ICON / ZTS /
Slutsky Kenneth 0.03%  (14127) ICON /