Insider Selling: Diana M. Wilson Sells 6,497 Shares of The Men's Wearhouse Stock (MW)
The Men's Wearhouse (NYSE:MW) EVP Diana M. Wilson sold 6,497 shares of the stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $55.47, for a total transaction of $360,388.59. Following the completion of the sale, the executive vice president now directly owns 16,549 shares in the company, valued at approximately $917,973. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Men's Wearhouse (NYSE:MW) traded down 0.13% on Friday, hitting $55.60. The stock had a trading volume of 598,930 shares. The Men's Wearhouse has a one year low of $32.46 and a one year high of $58.80. The stock has a 50-day moving average of $51.12 and a 200-day moving average of $50.16. The company has a market cap of $2.667 billion and a P/E ratio of 40.34.
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. On average, analysts predict that The Men's Wearhouse will post $2.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.29%.
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 presently has an average 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.
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