New York & Company Inc. (NYSE:NWY) [Trend Analysis] has kept up with the changing appetite, stock moved down around -40.68% in early session as it gain volume of 2.84 Million shares, and then traded at $1.75. New York & Company, Inc. (NWY) reported that results for Q1 ended April 30, 2016. Net sales were $216.0 million, as compared to $223.4 million in the prior year. Comparable store sales decreased 2.3% and total net sales decreased by 3.3%, reflecting the operation of 488 stores this year, as compared to 504 in the first quarter of 2015.
Gross profit as a percentage of net sales decreased 110 basis points to 27.7% versus the fiscal year 2015 first quarter gross profit percentage of 28.8%. This reflects a 40 basis point decrease in product margins primarily due to increased markdowns, partially offset by lower product costs resulting from our business re-engineering program initiatives, a 60 basis point increase in other cost of goods sold, related largely to shipping costs associated with the significant growth in the Company’s eCommerce sales, and a 10 basis point decline in the leverage of buying and occupancy expense due to lower sales.
Moving toward the volatility measures, price volatility of stock was 9.28% for a week and 5.78% for a month as well as price volatility’s Average True Range for 14 days was 0.25. The beta, which indicates risk in relegation to the market, remained 1.27. The firm past twelve months price to sales ratio was 0.20 and price to cash ratio remained 4.01. As far as the returns are concern, the return on equity was recorded as -12.00% and return on investment was -8.30%, while its return on asset stayed at -3.80%.
To narrow down focus on firm’s analytic rating, NWY receives a wide range of reviews through technical indicators; experts eagerly produce EPS tends for quartile and annual, for current quarter trends were $- and $0.00 for next quarter. On annual bases, it has $0.03 for FY 2016 Estimate Trends and $0.16 for FY 2017 Estimate Trends.
To neat down this understanding, 2 analysts rate it as ‘Holding’ security, at the same time as 1 suggests for ‘Buy’ as compare to 2 analyst suggested in 3 month ago. To lodge it average analyst gave price target to 2.63, whereas current price stands at 1.75.
The liquidity measure in recent quarter results of company was recorded 1.30 as current ratio, on the other side the debt to equity ratio was 0.14. The Company has gross margin of 27.90% and profit margin was negative -1.20% in trailing twelve months.
New York & Company Inc. (NYSE:NWY) is ahead its 52 week low with -3.85%and going down from its 52 week high price with -57.83%. The company’s shares performance for the last one month was -52.05% and -45.31% in the previous week. The stock price of firm is moving down from its 20 days moving average with -49.79% and remote isolated negatively from 50 days moving average with -50.09%.