The Men's Wearhouse Reaches New 12-Month High at $59.08 (MW)
The Men's Wearhouse (NYSE:MW) shares reached a new 52-week high during trading on Thursday , AnalystRatings.Net reports. The stock traded as high as $59.08 and last traded at $58.21, with a volume of 299,539 shares traded. The stock had previously closed at $58.21.
MW has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of The Men's Wearhouse from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $67.00 price target on the stock. Analysts at Cowen and Company upgraded shares of The Men's Wearhouse from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $65.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.50.
The stock’s 50-day moving average is $52.57 and its 200-day moving average is $50.39. The company has a market cap of $2.795 billion and a price-to-earnings ratio of 42.18.
The Men's Wearhouse (NYSE:MW) last issued its quarterly earnings data 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 $2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Tuesday, September 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, September 12th.
In other The Men's Wearhouse news, Chairman David H. Edwab sold 2,605 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $55.33, for a total value of $144,134.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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