The Men's Wearhouse EVP Sells $388,129 in Stock (MW)
The Men's Wearhouse (NYSE:MW) EVP Mark Neutze unloaded 7,093 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $54.72, for a total transaction of $388,128.96. Following the transaction, the executive vice president now directly owns 7,448 shares of the company’s stock, valued at approximately $407,555. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
The Men's Wearhouse (NYSE:MW) traded down 1.35% on Thursday, hitting $54.00. 274,242 shares of the company’s stock traded hands. The Men's Wearhouse has a 52-week low of $32.46 and a 52-week high of $58.80. The stock’s 50-day moving average is $49.82 and its 200-day moving average is $49.95. The company has a market cap of $2.591 billion and a price-to-earnings ratio of 39.67.
The Men's Wearhouse (NYSE:MW) last released its earnings data on Thursday, June 5th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.02. The company had revenue of $63.05 million for the quarter, compared to the consensus estimate of $629.66 million. During the same quarter last year, the company posted $0.65 earnings per share. The Men's Wearhouse’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that The Men's Wearhouse will post $2.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Tuesday, June 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 1.33%. The ex-dividend date of this dividend is Friday, June 13th.
Separately, analysts at Mizuho upgraded shares of The Men's Wearhouse from a “neutral” rating to a “buy” rating in a research note on Monday, March 31st. They now have a $60.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Men's Wearhouse currently has a consensus rating of “Hold” and a consensus price target of $47.17.
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.
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.