New York & Company, Inc. (NWY) Sees Strong Trading Volume

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Shares of New York & Company, Inc. (NYSE:NWY) saw strong trading volume on Monday . 9,374 shares were traded during trading, a decline of 97% from the previous session’s volume of 274,194 shares.The stock last traded at $4.70 and had previously closed at $4.70.

Several equities analysts have weighed in on the company. ValuEngine raised New York & Company, Inc. from a “hold” rating to a “buy” rating in a report on Tuesday. Roth Capital assumed coverage on New York & Company, Inc. in a report on Monday, April 2nd. They set a “buy” rating and a $5.00 price objective for the company.

The firm has a market cap of $302.14 million, a price-to-earnings ratio of 50.60 and a beta of 1.38.

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

In other news, Director Grace Nichols sold 20,500 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $4.17, for a total value of $85,485.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur E. Reiner sold 10,529 shares of the firm’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $4.00, for a total value of $42,116.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,029 shares of company stock valued at $439,601. 53.80% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. EAM Investors LLC bought a new position in shares of New York & Company, Inc. in the fourth quarter worth $482,000. Deutsche Bank AG bought a new position in shares of New York & Company, Inc. in the fourth quarter worth $104,000. Renaissance Technologies LLC boosted its holdings in shares of New York & Company, Inc. by 6.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,237,200 shares of the specialty retailer’s stock worth $3,538,000 after acquiring an additional 72,800 shares during the period. Penbrook Management LLC bought a new position in shares of New York & Company, Inc. in the fourth quarter worth $829,000. Finally, Wynnefield Capital Inc. boosted its holdings in shares of New York & Company, Inc. by 179.0% in the first quarter. Wynnefield Capital Inc. now owns 724,805 shares of the specialty retailer’s stock worth $2,449,000 after acquiring an additional 465,000 shares during the period. 32.77% of the stock is 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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