New York & Co. (NWY) Given Average Recommendation of “Hold” by Brokerages
Shares of New York & Co. (NYSE:NWY) have earned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Brokerages have set a 1 year consensus price objective of $2.60 for the company and are expecting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given New York & Co. an industry rank of 111 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of New York & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday.
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Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position 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 valued at $162,000 after buying an additional 1,484 shares during the last quarter. Foundry Partners LLC boosted its position in shares of New York & Co. by 1.2% in the third quarter. Foundry Partners LLC now owns 366,675 shares of the company’s stock valued at $829,000 after buying an additional 4,445 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position 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 valued at $257,000 after buying an additional 19,660 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of New York & Co. by 2.5% in the second quarter. Neuberger Berman Group LLC now owns 1,156,515 shares of the company’s stock valued at $1,723,000 after buying an additional 28,360 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of New York & Co. by 1.9% in the first quarter. Royce & Associates LP now owns 1,887,048 shares of the company’s stock valued at $7,473,000 after buying an additional 34,731 shares during the last quarter. 36.37% of the stock is currently owned by institutional investors and hedge funds.
New York & Co. (NYSE:NWY) traded down 4.59% during midday trading on Wednesday, reaching $2.08. The company had a trading volume of 28,032 shares. The firm has a 50-day moving average of $2.26 and a 200-day moving average of $2.38. The stock’s market cap is $132.00 million. New York & Co. has a 12 month low of $1.34 and a 12 month high of $4.15.
New York & Co. (NYSE:NWY) last released its quarterly earnings data 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 analysts’ expectations of $226.92 million. New York & Co. had a negative net margin of 1.07% and a negative return on equity of 7.74%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, equities analysts expect that New York & Co. will post $0.02 EPS for the current fiscal year.
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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