New York & Company, Inc. (NWY) Given Average Rating of “Strong Buy” by Brokerages
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.
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.
Featured Article: Understanding Average Daily Trade Volume
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for New York & Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York & Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.