Iconix Brand Group Reaches New 52-Week High (ICON)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Iconix Brand Group (Nasdaq: ICON) hit a new 52-week high Friday as it is currently trading at $29.35, above its previous 52-week high of $29.31 with 281,898 shares traded as of 11:10 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Iconix Brand Group has a market cap of $1.66 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 28.4% year to date as of the close of trading on Thursday.

Iconix Brand Group, Inc., a brand management company, engages in licensing, marketing, and providing trend direction for a portfolio of consumer and entertainment brands primarily in the United States, Canada, Japan, and Europe. The company has a P/E ratio of 17.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Iconix Brand Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Iconix Brand Group Ratings Report.

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