Zacks Investment Research Upgrades RTW Retailwinds (NYSE:RTW) to “Hold”

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RTW Retailwinds (NYSE:RTW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “RTW Retailwinds Inc. is a retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through a national network of retail stores and online at www.nyandcompany.com. It offers brands, including collaborations with Eva Mendes, Gabrielle Union and Kate Hudson, through its stores and Website. RTW Retailwinds Inc., formerly known as New York & Company Inc., is headquartered in New York City. “

RTW has been the topic of a number of other research reports. TheStreet cut Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Roth Capital reissued a “buy” rating on shares of Corvus Gold in a report on Monday, March 25th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Shares of RTW Retailwinds stock opened at $1.75 on Tuesday. RTW Retailwinds has a 12-month low of $1.56 and a 12-month high of $5.55. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.09 and a quick ratio of 0.58. The stock’s fifty day moving average is $1.88. The company has a market capitalization of $123.30 million, a P/E ratio of 38.00 and a beta of 1.22.

RTW Retailwinds (NYSE:RTW) last issued its quarterly earnings results on Wednesday, May 29th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). RTW Retailwinds had a positive return on equity of 4.05% and a negative net margin of 0.13%. The firm had revenue of $200.96 million for the quarter, compared to analysts’ expectations of $202.32 million. On average, sell-side analysts anticipate that RTW Retailwinds will post 0.05 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new position in RTW Retailwinds in the 4th quarter worth about $31,000. Janney Montgomery Scott LLC bought a new position in RTW Retailwinds in the 1st quarter worth about $31,000. Stone Ridge Asset Management LLC bought a new position in RTW Retailwinds in the 4th quarter worth about $40,000. American International Group Inc. bought a new position in RTW Retailwinds in the 4th quarter worth about $55,000. Finally, Assenagon Asset Management S.A. bought a new position in RTW Retailwinds in the 1st quarter worth about $80,000. 89.60% of the stock is currently owned by institutional investors and hedge funds.

RTW Retailwinds Company Profile

RTW Retailwinds, Inc operates as an omni-channel women's fashion retailer 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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