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

Analysts have set a 12 month consensus price objective of $6.50 for the company and are forecasting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given New York & Company, Inc. an industry rank of 61 out of 255 based on the ratings given to its competitors.

A number of research firms have issued reports on NWY. TheStreet lowered shares of New York & Company, Inc. from a “b-” rating to a “c+” rating in a report on Monday. ValuEngine downgraded shares of New York & Company, Inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th.

Several large investors have recently made changes to their positions in NWY. JPMorgan Chase & Co. increased its position in shares of New York & Company, Inc. by 61.0% in the 1st quarter. JPMorgan Chase & Co. now owns 65,640 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 24,870 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of New York & Company, Inc. by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,491,262 shares of the specialty retailer’s stock valued at $8,420,000 after purchasing an additional 75,510 shares during the last quarter. Element Capital Management LLC purchased a new stake in shares of New York & Company, Inc. in the 1st quarter valued at approximately $183,000. Millennium Management LLC increased its position in shares of New York & Company, Inc. by 2,019.5% in the 1st quarter. Millennium Management LLC now owns 460,886 shares of the specialty retailer’s stock valued at $1,558,000 after purchasing an additional 439,141 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of New York & Company, Inc. in the 2nd quarter valued at approximately $2,213,000. 38.55% of the stock is currently owned by institutional investors.

New York & Company, Inc. stock opened at $3.59 on Friday. The company has a market cap of $250.25 million, a price-to-earnings ratio of 35.90 and a beta of 1.22. New York & Company, Inc. has a 52-week low of $1.61 and a 52-week high of $5.55.

New York & Company, Inc. (NYSE:NWY) last released its earnings results on Thursday, August 23rd. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The company had revenue of $216.37 million for the quarter, compared to analyst estimates of $216.61 million. New York & Company, Inc. had a net margin of 1.21% and a return on equity of 15.71%. Equities analysts predict that New York & Company, Inc. will post 0.2 earnings per share for the current year.

About New York & Company, Inc.

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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