RTW Retailwinds (NYSE:RTW) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of RTW Retailwinds (NYSE:RTW) from a sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “RTW Retailwinds Inc. is a retailer of women’s fashion apparel and accessories. The Company’s branded New York & Company merchandise is sold through a national network of retail stores and online at www.nyandcompany.com. It offers brands, including collaborations with Eva Mendes, Gabrielle Union and Kate Hudson, through its stores and Website. RTW Retailwinds Inc., formerly known as New York & Company Inc., is headquartered in New York City. “

RTW has been the subject of a number of other reports. ValuEngine lowered RTW Retailwinds from a hold rating to a sell rating in a report on Tuesday, July 2nd. TheStreet lowered RTW Retailwinds from a c rating to a d+ rating in a report on Thursday, May 30th.

RTW stock traded down $0.08 on Wednesday, reaching $1.99. The company’s stock had a trading volume of 66,098 shares, compared to its average volume of 90,916. RTW Retailwinds has a 52 week low of $1.56 and a 52 week high of $5.50. The company has a market capitalization of $134.33 million, a P/E ratio of 13.27 and a beta of 1.22. The business has a fifty day simple moving average of $1.88. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.09 and a quick ratio of 0.58.

RTW Retailwinds (NYSE:RTW) last issued its quarterly earnings data on Wednesday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). RTW Retailwinds had a positive return on equity of 4.05% and a negative net margin of 0.13%. The business had revenue of $200.96 million during the quarter, compared to analyst estimates of $202.32 million. Research analysts anticipate that RTW Retailwinds will post 0.05 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RTW. Dimensional Fund Advisors LP acquired a new stake in RTW Retailwinds in the fourth quarter worth approximately $7,919,000. BlackRock Inc. acquired a new stake in RTW Retailwinds in the fourth quarter worth approximately $5,966,000. Wasatch Advisors Inc. acquired a new stake in RTW Retailwinds in the first quarter worth approximately $1,292,000. Northern Trust Corp acquired a new stake in RTW Retailwinds in the fourth quarter worth approximately $1,027,000. Finally, Geode Capital Management LLC acquired a new stake in RTW Retailwinds in the fourth quarter worth approximately $770,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

RTW Retailwinds Company Profile

RTW Retailwinds, Inc operates as an omni-channel women's fashion retailer 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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