Janney Montgomery Scott Cuts Estimates on New York & Co (NWY); Shares Fairly Valued
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Price: $5.30 +5.37%
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade NWY Now!
Janney Montgomery Scott maintains a 'Neutral' on New York & Co (NYSE: NWY) price target of $4.00.
Analyst, Adrienne Tennant, said, "While we had earlier thought the early spring product strength could lead to a long and sustained turnaround, we believe the increasingly competitive environment will make consistent market share gains more difficult to achieve than we originally anticipated. Thus, we believe shares are fairly valued in the near-term and remain on the sidelines with a Neutral rating."
"We are lowering our FY12 and FY13 GAAP EPS estimates. Our FY12 GAAP LPS goes to ($0.06) from ($0.03) (versus the consensus of ($0.05)); and our FY13 GAAP EPS goes to $0.12 from $0.13 (versus the consensus of $0.12)."
For an analyst ratings summary and ratings history on New York & Co click here. For more ratings news on New York & Co click here.
Shares of New York & Co closed at $3.80 yesterday, with a 52 week range of $2.25-$4.90.
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Analyst, Adrienne Tennant, said, "While we had earlier thought the early spring product strength could lead to a long and sustained turnaround, we believe the increasingly competitive environment will make consistent market share gains more difficult to achieve than we originally anticipated. Thus, we believe shares are fairly valued in the near-term and remain on the sidelines with a Neutral rating."
"We are lowering our FY12 and FY13 GAAP EPS estimates. Our FY12 GAAP LPS goes to ($0.06) from ($0.03) (versus the consensus of ($0.05)); and our FY13 GAAP EPS goes to $0.12 from $0.13 (versus the consensus of $0.12)."
For an analyst ratings summary and ratings history on New York & Co click here. For more ratings news on New York & Co click here.
Shares of New York & Co closed at $3.80 yesterday, with a 52 week range of $2.25-$4.90.
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