Men’s Wearhouse Inc. Reaches New 12-Month High at $46.38 (MW)
Men’s Wearhouse (NYSE:MW)’s share price reached a new 52-week high on Friday, AR Network reports. The company traded as high as $46.38 and last traded at $45.91, with a volume of 3,167,877 shares traded. The stock had previously closed at $44.48.
A number of research firms have recently commented on MW. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Men’s Wearhouse in a research note to investors on Wednesday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Men’s Wearhouse presently has a consensus rating of “Hold” and a consensus price target of $39.40.
Men’s Wearhouse has a one year low of $27.42 and a one year high of $46.38. The stock’s 50-day moving average is $36.56 and its 200-day moving average is $36.37. The company has a market cap of $2.196 billion and a P/E ratio of 18.72. Men’s Wearhouse also was the target of some unusual options trading activity on Friday. Stock traders acquired 15,003 call options on the company. This represents an increase of 680% compared to the average volume of 1,924 call options.
Men’s Wearhouse (NYSE:MW) last released its earnings data 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 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 company also recently declared a quarterly dividend, which is scheduled for Friday, December 27th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, December 13th.
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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