Men’s Wearhouse (NYSE:MW) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst RN reports. The firm currently has a $47.00 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 2.26% from the company’s current price.
Men’s Wearhouse (NYSE:MW) traded up 2.89% during mid-day trading on Tuesday, hitting $47.29. The stock had a trading volume of 1,936,887 shares. Men’s Wearhouse has a 1-year low of $27.42 and a 1-year high of $47.29. The stock’s 50-day moving average is $41.24 and its 200-day moving average is $38.15. The company has a market cap of $2.260 billion and a price-to-earnings ratio of 19.34.
Men’s Wearhouse (NYSE:MW) last announced its earnings results on Wednesday, September 11th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.14 by $0.13. The company had revenue of $647.00 million for the quarter, compared to the consensus estimate of $671.00 million. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Men’s Wearhouse will post $2.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, December 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Johnson Rice downgraded shares of Men’s Wearhouse from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, October 24th. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Men’s Wearhouse in a research note to investors on Monday, October 21st. They now have a $48.00 price target on the stock, up previously from $35.00. Finally, analysts at Stifel Nicolaus downgraded shares of Men’s Wearhouse from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 17th. They now have a $40.00 price target on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.60.
The Men’s Wearhouse, Inc is a specialty retailer of men’s suits and a provider of tuxedo rental product in the United States and Canada.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.