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Equities research analysts at Cowen and Company cut their target price on shares of The Men's Wearhouse (NYSE:MW) from $65.00 to $62.00 in a research note issued to investors on Thursday. Cowen and Company’s price target indicates a potential upside of 20.65% from the company’s current price.

The Men's Wearhouse (NYSE:MW) traded up 2.13% during mid-day trading on Thursday, hitting $51.39. 1,252,464 shares of the company’s stock traded hands. The Men's Wearhouse has a one year low of $32.46 and a one year high of $59.10. The stock has a 50-day moving average of $55.96 and a 200-day moving average of $51.21. The company has a market cap of $2.465 billion and a P/E ratio of 36.46.

The Men's Wearhouse (NYSE:MW) last announced its earnings results on Thursday, June 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that The Men's Wearhouse will post $2.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders 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 1.40%. The ex-dividend date of this dividend is Friday, September 12th.

MW has been the subject of a number of other recent research reports. Analysts at Mizuho cut their price target on shares of The Men's Wearhouse from $62.00 to $60.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of The Men's Wearhouse from a “neutral” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $61.20 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The Men's Wearhouse currently has a consensus rating of “Buy” and an average target price of $56.37.

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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