New York & Company, Inc. (NWY) Stock Rating Lowered by TheStreet

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TheStreet downgraded shares of New York & Company, Inc. (NYSE:NWY) from a b- rating to a c+ rating in a research report report published on Monday, October 15th.

Separately, ValuEngine upgraded New York & Company, Inc. from a hold rating to a buy rating in a research report on Thursday, July 19th.

Shares of NWY traded up $0.06 during mid-day trading on Monday, hitting $4.20. 70,798 shares of the company’s stock traded hands, compared to its average volume of 144,083. New York & Company, Inc. has a 1 year low of $1.77 and a 1 year high of $5.55. The stock has a market capitalization of $263.21 million, a PE ratio of 42.00 and a beta of 1.16.

New York & Company, Inc. (NYSE:NWY) last posted its earnings results on Thursday, August 23rd. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. New York & Company, Inc. had a return on equity of 15.71% and a net margin of 1.21%. The firm had revenue of $216.37 million for the quarter, compared to analysts’ expectations of $216.61 million. As a group, analysts forecast that New York & Company, Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in shares of New York & Company, Inc. during the second quarter valued at approximately $139,000. Rhumbline Advisers bought a new stake in shares of New York & Company, Inc. during the second quarter valued at approximately $142,000. Chicago Equity Partners LLC bought a new stake in shares of New York & Company, Inc. during the second quarter valued at approximately $193,000. Bank of Montreal Can boosted its position in shares of New York & Company, Inc. by 20,033.0% during the third quarter. Bank of Montreal Can now owns 41,474 shares of the specialty retailer’s stock valued at $160,000 after purchasing an additional 41,268 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of New York & Company, Inc. during the second quarter valued at approximately $228,000. Institutional investors own 38.80% of the company’s stock.

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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