Stifel Nicolaus Reiterates “Buy” Rating for Men’s Wearhouse (MW)
Men’s Wearhouse (NYSE:MW)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report released on Wednesday, AnalystRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Men’s Wearhouse in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $45.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Men’s Wearhouse from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 23rd. They now have a $31.60 price target on the stock. Finally, analysts at Wedbush reiterated a “hold” rating on shares of Men’s Wearhouse in a research note to investors on Friday, September 13th. They now have a $43.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.40.
Shares of Men’s Wearhouse (NYSE:MW) opened at 35.24 on Wednesday. Men’s Wearhouse has a 52 week low of $27.42 and a 52 week high of $41.03. The stock’s 50-day moving average is $36.04 and its 200-day moving average is $36.14. The company has a market cap of $1.684 billion and a price-to-earnings ratio of 14.83.
Men’s Wearhouse (NYSE:MW) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $1.01 earnings per share for the quarter, missing the analysts’ 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 previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that Men’s Wearhouse will post $2.47 EPS for the current fiscal year.
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.
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