Iconix Brand Group, Inc. Buyback
OLI recorded this information on 2/20/2014
Company:
Iconix Brand Group, Inc.
Buyback:
ICON buyback
Share Amount Authorized:
500,000,000
Buyback Details:
Iconix Brand Group, Inc. announced that its Board of Directors has authorized a new program to repurchase up to $500 million of its common stock over a three-year period. The Company has approximately $110 million remaining under the previous $300 million stock repurchase program which was approved by the Board of Directors in July 2013.
Iconix Brand Group is a brand management company and owner of a portfolio of approx. 30 global consumer brands across the women's, men's, home and international segments. Co.'s brand portfolio includes Candie's ®, Bongo ®, Joe Boxer ®, Rampage ®, Mudd ®, London Fog ®, Mossimo ®, and Rocawear ®. Co. principally looks to monetize the Intellectual Property (IP) related to its brands throughout the world and in relevant categories primarily by licensing directly with retailers, through consortia of wholesale licensees, through joint ventures in certain territories and via other activity such as corporate sponsorships and content as well as the sale of IP for certain categories or territories.
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
