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Iconix Brand Group (ICON) is engaged in licensing, marketing, and providing trend direction for a portfolio of consumer and entertainment brands primarily in the United States and internationally.
The company owns and licenses Candies, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, Mossimo, London Fog, Ocean Pacific, Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Ed Hardy, Sharper Image, Umbro, Lee Cooper, Ecko Unltd, and Marc Ecko brand names.
It also owns interests in the Artful Dodger, Material Girl, Peanuts, Truth or Dare, Billionaire Boys Club, Ice Cream, Modern Amusement, and Buffalo brands. Iconix Brand Group, Inc. licenses its brands directly to retailers, wholesalers, and suppliers for use across a range of product categories, including apparel, footwear, sportswear, fashion accessories, home products and decor, beauty and fragrance, consumer electronics, and novelty products.
It sells its brands across various distribution channels through direct-to-retail and wholesale licenses, from the mass tier to the luxury market, as well as through various media outlets.
Shares have formed a bullish "flag" following the company's better than expected results. Higher share prices are expected for this stock.
52-Week Trading Range: $27.90 - $43.34
Entry Point: $41.41
Stop Loss: $39.30
Target Price: $45.55
ICON closed at $43.00 after it failed to gain 10% in less than 30 days.
