Investment analysts at SunTrust started coverage on shares of New York & Co. (NYSE:NWY) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
NWY has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of New York & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, June 26th. They now have a $6.60 price target on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of New York & Co. from $4.00 to $6.00 in a research note to investors on Tuesday, May 28th. They now have a “buy” rating on the stock.
Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.20.
Shares of New York & Co. (NYSE: NWY) remained flat at $6.56 during during mid-day trading trading on Friday. New York & Co. has a 52 week low of $3.09 and a 52 week high of $6.87. The stock’s 50-day moving average is currently $6.17. The company has a market cap of $406.5 million and a P/E ratio of 104.13.
New York & Co. (NYSE:NWY) last announced its earnings results on Thursday, May 23rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $216.90 million. New York & Co.’s revenue was down .1% compared to the same quarter last year. Analysts expect that New York & Co. will post $0.14 EPS for the current fiscal year.
New York & Company, Inc is a specialty retailer of women’s fashion apparel and accessories. The Company’s proprietary branded New York & Company merchandise is sold through its national network of retail stores and electronic commerce (NYSE: NWY) store at www.
