RTW Retailwinds (NYSE:RTW) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of RTW Retailwinds (NYSE:RTW) from a sell rating to a hold rating in a research report sent to investors on Tuesday 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. “

Other analysts have also issued reports about the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. TheStreet lowered Urban Outfitters from a b- rating to a c+ rating in a research note on Thursday, May 30th. Finally, Roth Capital reiterated a buy rating on shares of Corvus Gold in a research note on Monday, March 25th.

Shares of RTW opened at $1.77 on Tuesday. The company has a market capitalization of $113.56 million, a price-to-earnings ratio of 11.80 and a beta of 1.22. The company has a fifty day moving average price of $1.88. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.58 and a current ratio of 1.09. RTW Retailwinds has a 1 year low of $1.56 and a 1 year high of $5.55.

RTW Retailwinds (NYSE:RTW) last issued its earnings results on Wednesday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $200.96 million for the quarter, compared to analyst estimates of $202.32 million. RTW Retailwinds had a positive return on equity of 4.05% and a negative net margin of 0.13%. On average, equities analysts forecast that RTW Retailwinds will post 0.05 EPS for the current year.

Several large investors have recently added to or reduced their stakes in RTW. Rhumbline Advisers bought a new stake in shares of RTW Retailwinds during the 4th quarter valued at $113,000. First Trust Advisors LP purchased a new position in RTW Retailwinds during the fourth quarter worth about $152,000. California Public Employees Retirement System purchased a new position in RTW Retailwinds during the fourth quarter worth about $498,000. New York State Common Retirement Fund purchased a new position in RTW Retailwinds during the fourth quarter worth about $31,000. Finally, BlackRock Inc. purchased a new position in RTW Retailwinds during the fourth quarter worth about $5,966,000. Institutional investors own 89.60% 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.

See Also: Front-End Load

Get a free copy of the Zacks research report on RTW Retailwinds (RTW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RTW Retailwinds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTW Retailwinds and related companies with MarketBeat.com's FREE daily email newsletter.