Men’s Wearhouse Stock Rating Lowered by Stifel Nicolaus (MW)
Men’s Wearhouse (NYSE:MW) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $40.00 target price on the stock. Stifel Nicolaus’ price target points to a potential downside of 13.49% from the company’s current price.
The analysts wrote, “We are downgrading MW to a Hold rating from a Buy. In our opinion, the JOSB acquisition of MW has a better than 50% chance of being completed; however, we believe the transaction will be prolonged. With shares closing at $46.24, above our target price of $40, the company is more than fully valued on a fundamental basis. If the deal gets done, we believe it will be above the offer price of $48 from JOSB.”
MW has been the subject of a number of other recent research reports. Analysts at Miller Tabak downgraded shares of Men’s Wearhouse from a “buy” rating to a “hold” rating in a research note to investors on Monday. 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.90.
Men’s Wearhouse (NYSE:MW) traded down 0.11% during mid-day trading on Thursday, hitting $46.19. The stock had a trading volume of 458,956 shares. Men’s Wearhouse has a 52 week low of $27.42 and a 52 week high of $46.81. The stock has a 50-day moving average of $37.2 and a 200-day moving average of $36.63. The company has a market cap of $2.208 billion and a price-to-earnings ratio of 19.46.
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. On average, analysts predict that Men’s Wearhouse will post $2.47 earnings per share 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 1.56%. 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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