ValuEngine lowered shares of New York & Company, Inc. (NYSE:NWY) from a buy rating to a hold rating in a research report report published on Monday.
Separately, Roth Capital began coverage on shares of New York & Company, Inc. in a research note on Monday, April 2nd. They issued a buy rating and a $5.00 target price on the stock.
Get New York & Company Inc. alerts:Shares of NYSE:NWY opened at $4.86 on Monday. The company has a market cap of $308.57 million, a P/E ratio of 48.60 and a beta of 1.44. New York & Company, Inc. has a twelve month low of $1.29 and a twelve month high of $5.34.
New York & Company, Inc. (NYSE:NWY) last issued its earnings results on Thursday, May 24th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $218.83 million for the quarter, compared to the consensus estimate of $217.98 million. New York & Company, Inc. had a net margin of 1.39% and a return on equity of 15.66%. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. equities analysts forecast that New York & Company, Inc. will post 0.2 earnings per share for the current year.
In other news, EVP Faeth Bradley sold 33,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $5.07, for a total value of $167,310.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur E. Reiner sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $4.16, for a total transaction of $312,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,500 shares of company stock worth $564,795. Insiders own 53.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of New York & Company, Inc. by 2,019.5% in the first quarter. Millennium Management LLC now owns 460,886 shares of the specialty retailer’s stock worth $1,558,000 after buying an additional 439,141 shares in the last quarter. Wynnefield Capital Inc. lifted its stake in shares of New York & Company, Inc. by 179.0% in the first quarter. Wynnefield Capital Inc. now owns 724,805 shares of the specialty retailer’s stock worth $2,449,000 after buying an additional 465,000 shares in the last quarter. Element Capital Management LLC bought a new position in shares of New York & Company, Inc. in the first quarter worth approximately $183,000. Tibra Equities Europe Ltd bought a new position in shares of New York & Company, Inc. in the first quarter worth approximately $226,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of New York & Company, Inc. by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,491,262 shares of the specialty retailer’s stock worth $8,420,000 after buying an additional 75,510 shares in the last quarter. Hedge funds and other institutional investors own 32.77% of the company’s stock.
New York & Company, Inc. 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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