Men’s Wearhouse Target of Unusually High Options Trading (MW)
Men’s Wearhouse (NYSE:MW) saw unusually large options trading on Friday. Stock investors bought 15,003 call options on the stock, AmericanBankingNews.com reports. This represents an increase of 680% compared to the average daily volume of 1,924 call options.
Several analysts have recently commented on the stock. 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 given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $39.40.
Shares of Men’s Wearhouse (NYSE:MW) traded up 3.30% on Friday, hitting $45.95. The stock had a trading volume of 3,422,895 shares. Men’s Wearhouse has a 52 week low of $27.42 and a 52 week high of $45.56. The stock’s 50-day moving average is $36.36 and its 200-day moving average is $36.28. The company has a market cap of $2.196 billion and a P/E ratio of 18.72.
Men’s Wearhouse (NYSE:MW) last released its earnings data on Wednesday, September 11th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Men’s Wearhouse will post $2.47 earnings per share 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.
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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