Brean Murray Reiterates Hold Rating On NWY

Brean Murray is reiterating its Hold rating on shares of New York & Company Inc. (NYSE: NWY).

Brean Murray is also raising its FY2012 EPS estimate to a los of $0.05 (from a loss of $0.26), and has released its new FY2013 EPS of $0.25 “after New York & Company beat our 4QFY2011 EPS projections by $0.08 with $0.24.”

New York & Company closed Thursday at $5.45.