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Iconix Brand Group (ICON) Hits New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Iconix Brand Group ( ICON) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Iconix Brand Group as such a stock due to the following factors:

  • ICON has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $23.3 million.
  • ICON has traded 7,612 shares today.
  • ICON is trading at a new lifetime high.

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More details on ICON:

Iconix Brand Group, Inc., a brand management company, is engaged in licensing, marketing, and providing trend direction for a portfolio of consumer and entertainment brands primarily in the United States and internationally. ICON has a PE ratio of 19.4. Currently there are 2 analysts that rate Iconix Brand Group a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Iconix Brand Group has been 578,800 shares per day over the past 30 days. Iconix Brand Group has a market cap of $1.9 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.71 and a short float of 14.8% with 14.91 days to cover. Shares are down 0.1% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Iconix Brand Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 50.56% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ICON should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • ICONIX BRAND GROUP INC has improved earnings per share by 18.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ICONIX BRAND GROUP INC increased its bottom line by earning $2.11 versus $1.52 in the prior year. This year, the market expects an improvement in earnings ($2.59 versus $2.11).
  • Despite its growing revenue, the company underperformed as compared with the industry average of 15.2%. Since the same quarter one year prior, revenues rose by 11.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Net operating cash flow has significantly increased by 71.75% to $76.79 million when compared to the same quarter last year. In addition, ICONIX BRAND GROUP INC has also vastly surpassed the industry average cash flow growth rate of 7.09%.
  • The gross profit margin for ICONIX BRAND GROUP INC is currently very high, coming in at 100.00%. ICON has managed to maintain the strong profit margin since the same quarter of last year. Despite the mixed results of the gross profit margin, ICON's net profit margin of 27.44% significantly outperformed against the industry.

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