New York & Company, Inc. (NWY): 3 Things to Like About This Fashion Retailer

Right CEO

Last but not least, its CEO, Gregory Scott, with more than 20 years of retail experience, has been leading the transformation of New York & Company, Inc. (NYSE:NWY) with his vision to transition from a business to a brand, building brand awareness. In February, the company announced a multi-year collaboration with actress Eva Mendes to design new seasonal collection at the beginning of Fall this year. New York & Comapny’s CEO commented: “This collaboration with Eva and the forthcoming collections help us achieve that mission, as well as expand into evening solutions that leverage Eva’s stunning red carpet influences.”

At $5.70 per share, New York & Company is worth around $350.2 million on the market. The market values the company at 7.36 times EV/EBITDA. Limited Brands, Inc. (NYSE:LTD) is trading nearly $50 per share with a total market cap of $14.40 billion. It has a lower EV multiple than New York & Company, Inc. (NYSE:NWY) at 6.8 times EV/EBITDA. Ann Inc (NYSE:ANN) seems to be the cheapest among the three. With a share price of $30.80 per share, ANN is worth $1.4 billion on the market. The market values ANN at only 4.6 times EV/EBITDA.

My Foolish take

New York & Company, Inc. (NYSE:NWY) seems to be on the right “fashion trend” for both customers and investors. With the most efficient operations with the lowest CCC, a strong balance sheet, and a reasonable valuation, it seems to be a good pick for investors. However, among the three, Ann Inc (NYSE:ANN) also seems to be a nice stock with debt-free operations and the lowest EV multiple.

The article 3 Things to Like About This Fashion Retailer originally appeared on Fool.com.

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