8. Iconix Brand Group (ICON) is a brand management company engaged in the licensing, marketing and providing trend direction for a portfolio of owned consumer brands. Among the several brands it owns, Iconix also owns product categories like apparel, footwear, sportswear, and fashion accessories.
For full year 2010, the company reported 3.1% increase in its total revenue to $900 million on a constant currency basis. Meanwhile, during the year, net new business awards stood at $1.05 billion leading to a book-to-bill ratio of 1.16 times. As of December 31, 2010, net cash stood at $256 million as compared to $194 million as of December 31, 2009.
The company guides 2011 revenue in the range of $945 to $980 million, or 5%-9% growth. Meanwhile, non-GAAP diluted earnings per share are seen in the range of $1.53 to $1.58, while GAAP diluted EPS is expected between $1.4 and $1.45. Also, free cash flow for the year is estimated between $160 and $165 million. However, the company's forecasts exclude acquisitions. In terms of expansion, the company's agreement with India-based Arvind Limited for its Mossimo brand will increase store count to 500 from 170 in 2011.Of the seven analysts covering the stock, 71% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 13.4% to $24.7 in the upcoming 12 months.
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