ValuEngine upgraded shares of RTW Retailwinds (NYSE:RTW) from a sell rating to a hold rating in a research note issued to investors on Monday, February 4th.
Separately, Zacks Investment Research upgraded RTW Retailwinds from a hold rating to a buy rating and set a $3.50 price objective for the company in a report on Saturday, February 2nd.
Shares of RTW traded down $0.04 during trading hours on Monday, reaching $3.00. 33,180 shares of the company traded hands, compared to its average volume of 85,723. The firm has a market capitalization of $194.58 million, a P/E ratio of 30.00 and a beta of 1.32. RTW Retailwinds has a 12-month low of $2.55 and a 12-month high of $5.55.
RTW Retailwinds (NYSE:RTW) last released its quarterly earnings data on Thursday, November 29th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $210.76 million during the quarter, compared to the consensus estimate of $217.57 million. RTW Retailwinds had a return on equity of 17.03% and a net margin of 1.37%. As a group, equities analysts forecast that RTW Retailwinds will post 0.18 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund bought a new position in RTW Retailwinds in the fourth quarter worth about $31,000. Stone Ridge Asset Management LLC bought a new position in RTW Retailwinds in the fourth quarter worth about $40,000. American International Group Inc. purchased a new stake in shares of RTW Retailwinds during the fourth quarter worth about $55,000. Quinn Opportunity Partners LLC purchased a new stake in shares of RTW Retailwinds during the fourth quarter worth about $100,000. Finally, Rhumbline Advisers purchased a new stake in shares of RTW Retailwinds during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 42.45% of the company’s stock.
About RTW Retailwinds
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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