New York & Co. Director Grace Nichols Sells 9,600 Shares (NWY)
New York & Co. (NYSE:NWY) Director Grace Nichols sold 9,600 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $3.90, for a total transaction of $37,440.00. Following the sale, the director now directly owns 146,038 shares of the company’s stock, valued at approximately $569,548. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NWY has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott upgraded shares of New York & Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 15th. They now have a $6.00 price target on the stock, up previously from $5.00. Analysts at Zacks upgraded shares of New York & Co. from an “underperform” rating to a “neutral” rating in a research note on Monday, March 17th. They now have a $4.40 price target on the stock.
Shares of New York & Co. (NYSE:NWY) remained flat at $3.97 during during mid-day trading trading on Thursday. The stock had a trading volume of 112,087 shares. New York & Co. has a 52 week low of $3.82 and a 52 week high of $6.87. The stock’s 50-day moving average is $4.21 and its 200-day moving average is $4.44. The company has a market cap of $248.7 million and a price-to-earnings ratio of 661.67.
New York & Co. (NYSE:NWY) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $271.00 million for the quarter, compared to the consensus estimate of $275.91 million. During the same quarter last year, the company posted $0.10 earnings per share. New York & Co.’s revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that New York & Co. will post $0.15 earnings per share for the current fiscal year.
New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s proprietary branded New York & Company merchandise is sold through its national network of retail stores and electronic commerce (NYSE:NWY) store at www.
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