New York & Co. (NYSE:NWY) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokers have set a 12 month consensus price target of $2.60 for the company and are forecasting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given New York & Co. an industry rank of 178 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised New York & Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. TheStreet lowered New York & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 7th.
New York & Co. (NYSE:NWY) traded down 0.84% during trading on Friday, hitting $2.35. The stock had a trading volume of 21,070 shares. The firm’s market cap is $149.13 million. The firm’s 50 day moving average is $2.15 and its 200 day moving average is $2.44. New York & Co. has a 1-year low of $1.34 and a 1-year high of $4.15.
New York & Co. (NYSE:NWY) last announced its earnings results on Thursday, August 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $232.80 million for the quarter, compared to analyst estimates of $226.92 million. New York & Co. had a negative return on equity of 7.74% and a negative net margin of 1.07%. New York & Co.’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, analysts anticipate that New York & Co. will post $0.02 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its stake in shares of New York & Co. by 43.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 65,002 shares of the company’s stock worth $257,000 after buying an additional 19,660 shares during the period. A.R.T. Advisors LLC bought a new stake in shares of New York & Co. during the second quarter worth about $103,000. BlackRock Advisors LLC raised its stake in shares of New York & Co. by 178.7% in the second quarter. BlackRock Advisors LLC now owns 70,755 shares of the company’s stock worth $105,000 after buying an additional 45,366 shares during the period. Spark Investment Management LLC raised its stake in shares of New York & Co. by 56.3% in the first quarter. Spark Investment Management LLC now owns 98,600 shares of the company’s stock worth $390,000 after buying an additional 35,500 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of New York & Co. by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 108,884 shares of the company’s stock worth $162,000 after buying an additional 1,484 shares during the period. 36.37% of the stock is currently owned by institutional investors.
New York & Co. Company Profile
New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at www.nyandcompany.com. It operates approximately 490 stores, including over 80 outlet stores in over 40 states.
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