RTW Retailwinds Inc (NYSE:RTW) shares shot up 6.2% during trading on Friday . The company traded as high as $2.13 and last traded at $2.05, 114,407 shares changed hands during trading. A decline of 9% from the average session volume of 125,078 shares. The stock had previously closed at $1.93.
A number of brokerages have commented on RTW. Roth Capital reaffirmed a “buy” rating on shares of Corvus Gold in a research report on Monday, March 25th. TheStreet cut shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 2.90. The stock has a market capitalization of $133.03 million, a price-to-earnings ratio of 41.00 and a beta of 1.22. The stock’s 50-day simple moving average is $1.91.
RTW Retailwinds (NYSE:RTW) last issued its quarterly earnings results on Wednesday, May 29th. The company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The business had revenue of $200.96 million for the quarter, compared to analysts’ expectations of $202.32 million. RTW Retailwinds had a negative net margin of 0.13% and a positive return on equity of 4.05%. Equities analysts expect that RTW Retailwinds Inc will post 0.05 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC bought a new position in shares of RTW Retailwinds during the 4th quarter worth about $283,000. BlackRock Inc. bought a new position in shares of RTW Retailwinds during the 4th quarter worth about $5,966,000. Janney Montgomery Scott LLC bought a new position in shares of RTW Retailwinds during the 1st quarter worth about $31,000. Two Sigma Advisers LP bought a new position in shares of RTW Retailwinds during the 4th quarter worth about $236,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of RTW Retailwinds during the 4th quarter worth about $1,098,000. 89.60% of the stock is currently owned by institutional investors.
About RTW Retailwinds (NYSE:RTW)
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.
Further Reading: Sell-Side Analysts
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