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Iconix Brand Group, Inc. (ICON) [hlAlert]

Rating:
Buy ICON
down 50.17 %

Iconix Brand Group, Inc. (ICON) upgraded to Buy with price target $18 by Monness Crespi & Hardt

Posted on: Wednesday,  Aug 12, 2015  8:25 AM ET by Monness Crespi & Hardt

Monness Crespi & Hardt rated Buy Iconix Brand Group, Inc. (NASDAQ: ICON) on 08/12/2015, when the stock price was $14.27. Since then, Iconix Brand
Group, Inc. has lost 50.18% of its value until Monness Crespi & Hardt rated ICON Neutral on 11/06/2015, when the price was $7.11.
If you would have followed this Monness Crespi & Hardt's recommendation on ICON, you would have lost 50.17% of your investment in 86 days.

Iconix Brand Group, Inc. (Iconix) is a brand management company engaged in licensing, marketing and providing trend direction for a portfolio of owned consumer brands. The Company owns 17 brands, Candie's, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter and Waverly, which it licenses directly to retailers, herein referred to as direct-to-retail, wholesalers and suppliers for use across a wide range of product categories, including apparel, footwear, sportswear, fashion accessories, home products and decor, and beauty and fragrance. In addition, Scion LLC, a joint venture, in which the Company has a 50% investment, owns the Artful Dodger brand. The Company?s brands are sold across a range of distribution channels, from the mass tier to the luxury market. In October 2008, it acquired Waverly brand.

Monness Crespi & Hardt
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/6/2015 8:25 AM Hold
None
7.11
as of 8/27/2015
1 Week down  -10.58 %
1 Month down  -6.51 %
3 Months down  -6.51 %
1 YTD down  -6.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/12/2015 8:25 AM Buy
None
14.27 18.00
7/19/2013 9:25 AM Hold
None
31.46 30.00

(*) Stock Price at the time of the recommendation.
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