New York & Company, Inc. (NWY) Given $4.50 Average Target Price by Brokerages

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

Brokers have set a one year consensus price objective of $4.50 for the company and are predicting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned New York & Company, Inc. an industry rank of 200 out of 265 based on the ratings given to its competitors.

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A number of research firms recently weighed in on NWY. ValuEngine upgraded shares of New York & Company, Inc. from a “sell” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded shares of New York & Company, Inc. from a “d+” rating to a “c-” rating in a report on Thursday, January 18th. Finally, Roth Capital began coverage on shares of New York & Company, Inc. in a report on Monday, April 2nd. They issued a “buy” rating and a $5.00 target price on the stock.

Several institutional investors and hedge funds have recently bought and sold shares of NWY. Deutsche Bank AG bought a new stake in New York & Company, Inc. in the 4th quarter worth about $104,000. Greenwood Capital Associates LLC purchased a new stake in shares of New York & Company, Inc. during the fourth quarter worth approximately $158,000. SG Capital Management LLC purchased a new stake in shares of New York & Company, Inc. during the fourth quarter worth approximately $171,000. Nationwide Fund Advisors raised its stake in shares of New York & Company, Inc. by 839.6% during the third quarter. Nationwide Fund Advisors now owns 68,545 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 61,250 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of New York & Company, Inc. by 1.2% during the second quarter. Northern Trust Corp now owns 104,475 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 1,267 shares during the last quarter. Institutional investors own 33.12% of the company’s stock.

Shares of NWY traded up $0.10 on Tuesday, reaching $3.98. The company’s stock had a trading volume of 363,334 shares, compared to its average volume of 224,220. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.38 and a quick ratio of 0.63. New York & Company, Inc. has a twelve month low of $1.28 and a twelve month high of $4.03. The firm has a market capitalization of $254.95, a PE ratio of 39.80 and a beta of 1.46.

New York & Company, Inc. (NYSE:NWY) last posted its earnings results on Thursday, March 22nd. The specialty retailer reported $0.08 earnings per share for the quarter. New York & Company, Inc. had a net margin of 0.61% and a return on equity of 8.17%. The company had revenue of $278.71 million for the quarter. During the same quarter in the prior year, the company earned ($0.06) EPS. analysts expect that New York & Company, Inc. will post 0.2 EPS for the current year.

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New York & Company, Inc. 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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