Today: Analysts Anticipate New York & Co. (NWY) to Post ($0.03) EPS

Today: Analysts Anticipate New York & Co. (NWY) to Post ($0.03) EPS

New York & Co. (NYSE:NWY) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price target of $2.60 for the company and are forecasting 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 174 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded New York & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th.

Shares of New York & Co. (NYSE:NWY) traded up 1.122% during mid-day trading on Monday, reaching $2.073. The company’s stock had a trading volume of 19,508 shares. The company’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.02. New York & Co. has a 12-month low of $1.34 and a 12-month high of $4.15. The stock’s market capitalization is $131.55 million.

Hedge funds have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY increased its stake in shares of New York & Co. by 15.9% in the third quarter. Paradigm Capital Management Inc. NY now owns 5,979,700 shares of the company’s stock valued at $13,514,000 after buying an additional 822,200 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of New York & Co. by 18.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,428,629 shares of the company’s stock valued at $2,129,000 after buying an additional 226,556 shares during the period. Coe Capital Management LLC increased its stake in shares of New York & Co. by 1,022.1% in the second quarter. Coe Capital Management LLC now owns 224,421 shares of the company’s stock valued at $334,000 after buying an additional 204,421 shares during the period. Diker Management LLC acquired a new stake in shares of New York & Co. during the second quarter valued at about $272,000. Finally, Bridgeway Capital Management Inc. increased its stake in shares of New York & Co. by 34.3% in the second quarter. Bridgeway Capital Management Inc. now owns 536,429 shares of the company’s stock valued at $799,000 after buying an additional 137,000 shares during the period. 36.73% of the stock is currently owned by institutional investors.

About New York & Co.

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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