On Mar 22, 2013, Zacks Investment Research upgraded
New York & Company, Inc.
) to a Zacks Rank #1 (Strong Buy). Shares of this specialty
retailer of women's fashion attire and accessories have amassed
an impressive year-to-date return of 16.2%.
Why the Upgrade?
New York & Company posted better-than-expected
fourth-quarter fiscal 2012 results on the back of top-line
growth, rise in comparable-store sales and gross margin
expansion. The company declared impressive results on Mar 21,
2013, wherein earnings of 10 cents a share surpassed the Zacks
Consensus Estimate of 8 cents by 25%.
New York & Company, which primarily competes with
), outperformed the Zacks Consensus Estimates in 4 straight
quarters by an average of 43.9%. The long-term expected earnings
growth rate for the stock is 17.5%.
Net sales jumped 7.3% over the prior-year quarter to $291.8
million, and came ahead of the Zacks Consensus Estimate of $282
million. Comparable-store sales portrayed a substantial increase
of 2.3% from a decline of 6.3% in the year-ago quarter.
Gross profit for the quarter jumped 37.9% to $81.6 million,
whereas gross margin expanded 620 basis points to 28%, benefiting
from growth in net sales.
Other Stocks to Consider
Another stock worth considering in the non-food retail,
wholesale sector includes
Lumber Liquidators Holdings Inc.
) carrying a Zacks Rank #1 (Strong Buy). Shares of this specialty
retailer of hardwood flooring have yielded a year-to-date return
EXPRESS INC (EXPR): Free Stock Analysis
GAP INC (GPS): Free Stock Analysis Report
LUMBER LIQUIDAT (LL): Free Stock Analysis
NEW YORK & CO (NWY): Free Stock Analysis
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