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Last $13.52 USD
Change Today +0.18 / 1.35%
Volume 813.6K
ICON On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

iconix brand group inc (ICON) Snapshot

Open
$13.23
Previous Close
$13.34
Day High
$13.72
Day Low
$13.23
52 Week High
09/2/14 - $42.25
52 Week Low
08/24/15 - $11.32
Market Cap
652.5M
Average Volume 10 Days
1.2M
EPS TTM
$1.73
Shares Outstanding
48.3M
EX-Date
--
P/E TM
7.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for ICONIX BRAND GROUP INC (ICON)

iconix brand group inc (ICON) Related Businessweek News

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iconix brand group inc (ICON) Details

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across women’s, men’s, entertainment, and home primarily in the United States and internationally. The company brand portfolio includes Candie’s, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific, Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd, Marc Ecko Cut & Sew, Zoo York, Sharper Image, Umbro, and Lee Cooper brand names. It also has interest in Artful Dodger, Material Girl, Peanuts, Ed Hardy, Truth or Dare, Billionaire Boys Club, Ice Cream, Modern Amusement, Buffalo, Nick Graham, Hydraulic, and Strawberry Shortcake brands. Iconix Brand Group, Inc. licenses its brands directly to retailers and wholesalers for use across a range of product categories, including apparel, footwear, fashion accessories, sportswear, home products and décor, beauty and fragrance, consumer electronics, and novelty products. It sells its brands across various distribution channels from the mass tier to the luxury market, as well as through various media outlets. The company was formerly known as Candie’s, Inc. and changed its name to Iconix Brand Group, Inc. in July 2005. Iconix Brand Group, Inc. was founded in 1978 and is based in New York, New York.

150 Employees
Last Reported Date: 03/2/15
Founded in 1978

iconix brand group inc (ICON) Top Compensated Officers

Founder and Special Advisor
Total Annual Compensation: $1.5M
Executive Vice President and Head of Strategi...
Total Annual Compensation: $900.0K
Executive Vice President and General Counsel
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2014.

iconix brand group inc (ICON) Key Developments

Iconix Brand Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Iconix Brand Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's adjusted earnings fell to $22.3 million or $0.45 per share from $39.6 million or $0.75 per share a year earlier. GAAP net income fell to $14.8 million or $0.30 per share from $35.3 million or $0.60 per share in the year-ago period. Revenues totaled $98.5 million, down from $118.9 million a year ago. Non-GAAP net income in the second quarter of 2015 was approximately $22.3 million, which is a 44% decline as compared to approximately $39.6 million in the prior year. Diluted non-GAAP earnings per share were $0.45, which was a 40% decline as compared to $0.75 in the prior year quarter. Adjusted EBITDA was approximately $51.2 million, a 34% decline as compared to $78.2 million in the prior year. Free cash flow attributable to the company was approximately $75.4 million, a 117% increase as compared to the prior year quarter of approximately $34.7 million. Free cash flow for the second quarter of 2015 includes a $15.5 million tax refund of which there was no comparable refund in the prior year quarter and additionally benefited from the timing of approximately $11.4 million of tax withholding payments that will be paid in the third quarter. Income before income taxes was $31,555,000 compared to $59,560,000 a year ago. Net cash provided by operating activities was $67,091,000 compared to $31,485,000 a year ago. Operating income was $49.372 million against $74.650 million a year ago. For the six months, the company generated free cash flow of approximately $105.4 million, a 25% increase as compared to approximately $84.1 million in the prior year period. Free cash flow per diluted share was $2.13, a 34% increase as compared to $1.59 in the prior year period. Adjusted EBITDA was approximately $104 million, a 30% decline as compared to approximately $147.9 million in the prior year period. Non-GAAP net income was $49.3 million, a 38% decline as compared to $78.9 million in the prior period and diluted non-GAAP earnings per share was $0.99, which was a 33% decline from the $1.49 in the prior year period. GAAP net income attributable to the company was approximately $77.6 million, an 18% decrease as compared to $95.1 million in the prior year period and GAAP diluted EPS for the six month period of 2015 was $1.53, a 6% decrease as compared to $1.63 in the prior year period. Income before income taxes was $123,372,000 compared to $147,956,000 a year ago. Net cash provided by operating activities was $100,157,000 compared to $84,231,000 a year ago. Operating income was $100.604 million against $142.586 million a year ago. Capital expenditures were $802,000 against $851,000 a year ago. For fiscal 2015, the company expects adjusted EPS of $2.00 to $2.15, down from a previous outlook of $3.00 to $3.15 a share. Revenues are expected between $415 million to $440 million, down from a previous range of $490 million to $510 million. Free cash flow is seen at $170 million to $190 million, also down from a prior outlook of $208 million to $218 million. The company expects diluted EPS to be a range of $2.24 to $2.39.

Iconix Brand Group, Inc. announced delayed 10-Q filing

On 08/10/2015, Iconix Brand Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Iconix Brand Group, Inc. Announces Management Changes

The Board of Directors of Iconix Brand Group, Inc. announced that Neil Cole is resigning as Chief Executive Officer, Chairman and President and as a member of the Board of Directors to pursue other opportunities. He will serve as a special advisor to the company through September 30, 2015. Peter Cuneo has been appointed Chairman of the Board and Interim CEO. Mr. Cuneo has served on Iconix's Board since October 2006 and previously was the President and Chief Executive Officer of Marvel Entertainment. The Board said that it has formed a search committee to evaluate candidates to serve as the company's next CEO and will be engaging a executive search firm to assist in the process. Mr. Cuneo is currently the Managing Principal of Cuneo & Company, LLC. Mr. Cuneo currently sits on the Board of the Foundation for The National Archives Foundation in Washington, DC as Co-Head of the Development Committee.

 

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Industry Analysis

ICON

Industry Average

Valuation ICON Industry Range
Price/Earnings 5.4x
Price/Sales 1.7x
Price/Book 0.7x
Price/Cash Flow 4.8x
TEV/Sales NM Not Meaningful
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