Shares of New York & Company (NYSE:NWY) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $4.50 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given New York & Company an industry rank of 84 out of 265 based on the ratings given to related companies.
Get New York & Company alerts:A number of equities research analysts have recently weighed in on the company. ValuEngine raised New York & Company from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Roth Capital assumed coverage on New York & Company in a research note on Monday, April 2nd. They issued a “buy” rating and a $5.00 target price for the company.
In other news, Director Arthur E. Reiner sold 10,529 shares of the business’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $4.00, for a total value of $42,116.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 53.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWY. Paradigm Capital Management Inc. NY lifted its stake in shares of New York & Company by 8.0% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 6,395,586 shares of the specialty retailer’s stock valued at $18,291,000 after acquiring an additional 473,518 shares during the last quarter. Wynnefield Capital Inc. lifted its stake in shares of New York & Company by 179.0% in the 1st quarter. Wynnefield Capital Inc. now owns 724,805 shares of the specialty retailer’s stock valued at $2,449,000 after acquiring an additional 465,000 shares during the last quarter. Millennium Management LLC lifted its stake in shares of New York & Company by 2,019.5% in the 1st quarter. Millennium Management LLC now owns 460,886 shares of the specialty retailer’s stock valued at $1,558,000 after acquiring an additional 439,141 shares during the last quarter. Penbrook Management LLC bought a new stake in shares of New York & Company in the 4th quarter valued at about $829,000. Finally, EAM Investors LLC bought a new stake in shares of New York & Company in the 4th quarter valued at about $482,000. 32.99% of the stock is owned by institutional investors.
NWY stock traded down $0.02 during mid-day trading on Friday, hitting $3.85. 1,515 shares of the stock were exchanged, compared to its average volume of 158,474. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.12. New York & Company has a 12 month low of $1.28 and a 12 month high of $4.31. The firm has a market cap of $245.43 million, a P/E ratio of 38.50 and a beta of 1.43.
New York & Company (NYSE:NWY) last released its earnings results on Thursday, March 22nd. The specialty retailer reported $0.08 earnings per share for the quarter. New York & Company had a return on equity of 7.97% and a net margin of 0.61%. The company had revenue of $278.71 million during the quarter. During the same period last year, the firm posted ($0.06) EPS. research analysts expect that New York & Company will post 0.2 EPS for the current fiscal year.
New York & Company Company Profile
New York & Company, Inc operates as a specialty retailer of women's fashion apparel and accessories in the United States. It offers a merchandise assortment, including wear-to-work, casual apparel, and accessories comprising pants, dresses, jackets, knit tops, blouses, sweaters, denims, T-shirts, active wear, handbags, jewelry, and shoes under the New York & Company, NY&C, NY Style, Soho New York & Company Jeans, Lerner, Lerner New York, and Fashion to Figure brand names for women between the ages of 25 and 49.
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