The Men's Wearhouse Director Unloads $404,925 in Stock (MW)
The Men's Wearhouse (NYSE:MW) Director Deepak Chopra sold 7,500 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $53.99, for a total transaction of $404,925.00. Following the transaction, the director now directly owns 2,233 shares of the company’s stock, valued at approximately $120,560. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.17.
The Men's Wearhouse (NYSE:MW) traded up 1.55% during mid-day trading on Tuesday, hitting $55.12. 583,177 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 has a 50-day moving average of $50.42 and a 200-day moving average of $50.05. The company has a market cap of $2.644 billion and a P/E ratio of 39.33.
The Men's Wearhouse (NYSE:MW) last announced its earnings results on Thursday, June 5th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that The Men's Wearhouse will post $2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, June 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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