Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

Abercrombie & Fitch Co Cl A / Equity Bottom-Up

<ul><li>We are reiterating our Buy rating and $30 price target and raising our projections for a.k.a. Brands after the company updated 4Q24 guidance, removed the interim title from CEO Ciaran Long, announced the expansion of Petal & Pup into all Nordstrom doors, and presented at the ICR Conference.</li><li>With the majority of the 4Q upside catalysts flowing into 2025, the company on track to launch their first New York City store in 1H25 and the potential for stabilization in the still significant Australian market, we believe our slightly raised 2025 projections remain conservative, and we reiterate or Buy rating and $30 price target for AKA.</li></ul>

We are reiterating our Buy rating and $30 price target and raising our projections for a.k.a. Brands after the company updated 4Q24 guidance, removed the interim title from CEO Ciaran Long, announced the expansion of Petal & Pup into all Nordstrom doors, and presented at the ICR Conference.With the majority of the 4Q upside catalysts flowing into 2025, the company on track to launch their first New York City store in 1H25 and the potential for stabilization in the still significant Australian market, we believe our slightly raised 2025 projections remain conservative, and we reiterate or Buy rating and $30 price target for AKA.

AKA: ICR Conference Notes: A Holiday Winner; Raising Projections, Reiterate Buy

<ul><li>We are reiterating our Buy rating, $30 price targe and projections for a.k.a. Brands as we look forward to 2025.</li><li>2024 was a year of multiple material positives for the company, many of which we believe will also drive 2025 growth.</li><li>Further, we believe a.k.a. Brands, as it continues to shift into a key domestic lifestyle leader, has the potential to drive both top line and bottom line upside as the company further leverages the retail, online marketplace expansion and wholesale channels, becoming a true omnichannel player.</li></ul>

We are reiterating our Buy rating, $30 price targe and projections for a.k.a. Brands as we look forward to 2025.2024 was a year of multiple material positives for the company, many of which we believe will also drive 2025 growth.Further, we believe a.k.a. Brands, as it continues to shift into a key domestic lifestyle leader, has the potential to drive both top line and bottom line upside as the company further leverages the retail, online marketplace expansion and wholesale channels, becoming a true omnichannel player.

Abercrombie & Fitch Co Cl A - AKA: 2025 Signposts: Moving to the Next Gear; Reiterate Buy, $30 PT

<ul><li>We are reiterating our Buy rating, $30 price target and projections after meeting with a.k.a. Brand management.</li><li>We believe, with new Princess Polly stores rolling out, continued expansion with key partners such as Nordstrom, the rising potential for Petal & Pup as a lifestyle brand and the key shifts at Culture Kings, a.k.a. is on the cusp of material positives, which we believe will become increasingly visible to investors and position the company for higher recognition and a stronger capital base.</li><li>As such, we believe a.k.a. Brands is positioned for a highly positive 2025 and beyond, and we are reiterating our Buy rating and $30 price target for AKA.</li></ul>

We are reiterating our Buy rating, $30 price target and projections after meeting with a.k.a. Brand management.We believe, with new Princess Polly stores rolling out, continued expansion with key partners such as Nordstrom, the rising potential for Petal & Pup as a lifestyle brand and the key shifts at Culture Kings, a.k.a. is on the cusp of material positives, which we believe will become increasingly visible to investors and position the company for higher recognition and a stronger capital base.As such, we believe a.k.a. Brands is positioned for a highly positive 2025 and beyond, and we are reiterating our Buy rating and $30 price target for AKA.

AKA: Management Meetings Confirm AKA at Inflection Point; Reiterate Buy, $30 PT

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Industria De Diseno Textil SA / Equity Bottom-Up

<ul>
<li>Bangladesh's garment industry grapples with a 14% export dip, prompting worker unrest over wage discrepancies.</li>
<li>Efforts by a wage board fall short as workers advocate for a Tk25,000 minimum, seeking fair compensation.</li>
<li>Economic turbulence looms as 3,500 factories, constituting 85% of exports, confront closure amid widespread unrest.</li>
</ul>


Bangladesh's garment industry grapples with a 14% export dip, prompting worker unrest over wage discrepancies.
Efforts by a wage board fall short as workers advocate for a Tk25,000 minimum, seeking fair compensation.
Economic turbulence looms as 3,500 factories, constituting 85% of exports, confront closure amid widespread unrest.


Beyond Fashion: Unraveling Bangladesh's Garment Industry Challenges

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.</li>
<li>Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.</li>
<li>Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.</li>
</ul>


Large-Cap indexes (S&amp;P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs.
Mid-Caps (S&amp;P 400, Russell Mid-Cap) starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&amp;P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps.
Small-Cap indexes have been consolidating for 2.5 months following the historic rally from late-October to late-December 2023, a healthy sign. We expect they are gearing-up for another similar move higher.


U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

United States

Abercrombie & Fitch Co.  a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells: casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women and kids.

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Abercrombie & Fitch Co Cl A (ANF US)

AKA: ICR Conference Notes: A Holiday Winner; Raising Projections, Reiterate Buy

We are reiterating our Buy rating and $30 price target and raising our projections for a.k.a. Brands after the company updated 4Q24 guidance,...

Small Cap Consumer Research

Abercrombie & Fitch Co Cl A - AKA: 2025 Signposts: Moving to the Next Gear; Reiterate Buy, $30 PT

We are reiterating our Buy rating, $30 price targe and projections for a.k.a. Brands as we look forward to 2025. 2024 was a year of multiple...

Small Cap Consumer Research

AKA: Management Meetings Confirm AKA at Inflection Point; Reiterate Buy, $30 PT

We are reiterating our Buy rating, $30 price target and projections after meeting with a.k.a. Brand management. We believe, with new Princess...

Small Cap Consumer Research

Beyond Fashion: Unraveling Bangladesh's Garment Industry Challenges

Sheikh Hasina Resignation, Army chief Waker-Uz-Zaman's new interim government formation -After a meeting of senior military and political leaders...

Nimish Maheshwari

U.S. Dollar Rolling Over; Small-Caps to Follow Mid- And Large-Caps to New Highs; Buys in Cons. Disc.

U.S. Dollar $DXY Rolling Over; 10- and 30-Yr Treasury Yields Hit Major Resistance; Small-Caps to Follow Mid- and Large-Caps to New Highs $IWM $RTY...

Vermilion Research

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