Zacks upgraded shares of Jos. A. Bank Clothiers (NASDAQ:JOSB) from an underperform rating to a neutral rating in a report released on Monday, Stock Ratings Network.com reports. Zacks currently has $49.80 price objective on the stock.
Zacks has also taken action a number of other consumer discretionary stocks recently. The firm downgraded shares of Lithia Motors Inc. from an outperform rating to a neutral rating. Their analysts now have a $76.30 price target on that stock. Also, Zacks upgraded shares of Haverty Furniture Cos. Inc. from a neutral rating to an outperform rating. Zacks now has a $30.60 price target on that stock. Finally, Zacks downgraded shares of Brown Shoe Co. Inc. from an outperform rating to a neutral rating. Their analysts now have a $26.60 price target on that stock.
A number of other firms have also recently commented on JOSB. Analysts at Avondale Partners upgraded shares of Jos. A. Bank Clothiers from an underperform rating to a market perform rating in a research note to investors on Monday, October 21st. Separately, analysts at Johnson Rice upgraded shares of Jos. A. Bank Clothiers from an equal weight rating to an overweight rating in a research note to investors on Monday, October 14th. Finally, analysts at TheStreet upgraded shares of Jos. A. Bank Clothiers from a hold rating to a buy rating in a research note to investors on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $49.80.
Shares of Jos. A. Bank Clothiers (NASDAQ:JOSB) traded up 2.49% on Monday, hitting $49.77. The stock had a trading volume of 294,303 shares. Jos. A. Bank Clothiers has a one year low of $37.31 and a one year high of $50.61. The stock has a 50-day moving average of $46.89 and a 200-day moving average of $43.46. The company has a market cap of $1.393 billion and a P/E ratio of 21.30.
Jos. A. Bank Clothiers (NASDAQ:JOSB) last released its earnings data on Thursday, September 5th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $232.50 million for the quarter, compared to the consensus estimate of $233.25 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Analysts expect that Jos. A. Bank Clothiers will post $2.64 EPS for the current fiscal year.
Jos. A. Bank Clothiers, Inc (NASDAQ:JOSB) is a designer, manufacturer, retailer and direct marketer (through stores, catalog call center and Internet) of men’s tailored and casual clothing and accessories and is a retailer of tuxedo rental products.
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.