New York & Co. Director Unloads $37,440 in Stock (NWY)
New York & Co. (NYSE:NWY) Director Grace Nichols unloaded 9,600 shares of New York & Co. 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 value of $37,440.00. Following the transaction, the director now directly owns 146,038 shares of the company’s stock, valued at approximately $569,548. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
New York & Co. (NYSE:NWY) traded up 3.24% on Friday, hitting $4.14. The stock had a trading volume of 78,205 shares. New York & Co. has a one year low of $3.82 and a one year high of $6.87. The stock’s 50-day moving average is $4.19 and its 200-day moving average is $4.44. The company has a market cap of $259.3 million and a price-to-earnings ratio of 668.33.
New York & Co. (NYSE:NWY) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts predict that New York & Co. will post $0.14 earnings per share for the current fiscal year.
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.
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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