Insider Selling: Kelly Dilts Sells 1,500 Shares of The Men's Wearhouse Stock (MW)
The Men's Wearhouse (NYSE:MW) VP Kelly Dilts sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $57.07, for a total transaction of $85,605.00. Following the completion of the sale, the vice president now directly owns 10,881 shares of the company’s stock, valued at approximately $620,979. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of The Men's Wearhouse from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $61.20 price target on the stock. Separately, 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, July 1st. They now have a $67.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The Men's Wearhouse currently has a consensus rating of “Buy” and a consensus price target of $56.87.
Shares of The Men's Wearhouse (NYSE:MW) traded down 1.18% during mid-day trading on Monday, hitting $57.58. The stock had a trading volume of 564,199 shares. The Men's Wearhouse has a one year low of $32.46 and a one year high of $59.08. The stock has a 50-day moving average of $52. and a 200-day moving average of $50.51. The company has a market cap of $2.762 billion and a P/E ratio of 42.22.
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 $2.97 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 1.25%. The ex-dividend date of this dividend is Friday, September 12th.
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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