New York & Co. (NYSE:NWY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “New York & Company, Inc. is a leading specialty retailer of fashion-oriented, moderately-priced women’s apparel. The Company’s proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores. “

Shares of New York & Co. (NYSE:NWY) opened at 2.26 on Tuesday. The stock has a 50 day moving average price of $2.26 and a 200-day moving average price of $2.38. New York & Co. has a 52-week low of $1.34 and a 52-week high of $4.15. The firm’s market cap is $143.42 million.

New York & Co. (NYSE:NWY) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.01 EPS for the quarter. New York & Co. had a negative return on equity of 7.74% and a negative net margin of 1.07%. The firm had revenue of $232.80 million for the quarter, compared to analysts’ expectations of $226.92 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that New York & Co. will post $0.02 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWY. BlackRock Institutional Trust Company N.A. boosted its position in 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 worth $2,129,000 after buying an additional 226,556 shares during the period. Coe Capital Management LLC boosted its position in 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 worth $334,000 after buying an additional 204,421 shares during the period. Diker Management LLC purchased a new position in New York & Co. during the second quarter worth approximately $272,000. Bridgeway Capital Management Inc. boosted its position in New York & Co. by 34.3% in the second quarter. Bridgeway Capital Management Inc. now owns 536,429 shares of the company’s stock worth $799,000 after buying an additional 137,000 shares during the period. Finally, Foundry Partners LLC boosted its position in New York & Co. by 55.9% in the second quarter. Foundry Partners LLC now owns 362,230 shares of the company’s stock worth $540,000 after buying an additional 129,859 shares during the period. Institutional investors own 36.37% of the company’s stock.

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.

5 Day Chart for NYSE:NWY

Receive News & Stock Ratings for New York & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York & Co. and related stocks with our FREE daily email newsletter.