New York & Company, Inc. (NYSE:NWY) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $6.00 for the company and are expecting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned New York & Company, Inc. an industry rank of 55 out of 255 based on the ratings given to related companies.

A number of analysts recently commented on NWY shares. TheStreet raised New York & Company, Inc. from a “c+” rating to a “b-” rating in a research note on Wednesday. ValuEngine raised New York & Company, Inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th.

Shares of NWY traded up $0.13 during trading hours on Friday, reaching $5.05. 228,200 shares of the company traded hands, compared to its average volume of 249,462. The firm has a market cap of $300.21 million, a P/E ratio of 50.50 and a beta of 1.46. New York & Company, Inc. has a fifty-two week low of $1.61 and a fifty-two week high of $5.55.

New York & Company, Inc. (NYSE:NWY) last posted its quarterly earnings data on Thursday, May 24th. The specialty retailer reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $218.83 million for the quarter, compared to analyst estimates of $217.98 million. New York & Company, Inc. had a return on equity of 15.66% and a net margin of 1.39%. During the same quarter last year, the company earned ($0.07) earnings per share. research analysts forecast that New York & Company, Inc. will post 0.2 earnings per share for the current fiscal year.

In other New York & Company, Inc. news, EVP Faeth Bradley sold 33,000 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $5.07, for a total value of $167,310.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Grace Nichols sold 20,500 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $4.17, for a total value of $85,485.00. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of NWY. Dimensional Fund Advisors LP lifted its stake in shares of New York & Company, Inc. by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,587,647 shares of the specialty retailer’s stock valued at $13,249,000 after purchasing an additional 96,385 shares in the last quarter. BlackRock Inc. lifted its stake in shares of New York & Company, Inc. by 197.5% in the 2nd quarter. BlackRock Inc. now owns 2,089,675 shares of the specialty retailer’s stock valued at $10,698,000 after purchasing an additional 1,387,244 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of New York & Company, Inc. by 57.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,950,950 shares of the specialty retailer’s stock valued at $9,989,000 after purchasing an additional 708,850 shares in the last quarter. Royce & Associates LP lifted its stake in shares of New York & Company, Inc. by 256.6% in the 2nd quarter. Royce & Associates LP now owns 844,383 shares of the specialty retailer’s stock valued at $4,323,000 after purchasing an additional 607,583 shares in the last quarter. Finally, Wynnefield Capital Inc. lifted its stake in shares of New York & Company, Inc. by 179.0% in the 1st quarter. Wynnefield Capital Inc. now owns 724,805 shares of the specialty retailer’s stock valued at $2,449,000 after purchasing an additional 465,000 shares in the last quarter. 34.25% of the stock is currently owned by hedge funds and other institutional investors.

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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