The Men's Wearhouse Given Consensus Recommendation of “Buy” by Brokerages (NYSE:MW)
Shares of The Men's Wearhouse (NYSE:MW) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.40.
Several analysts have recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of The Men's Wearhouse from $65.00 to $62.00 in a research note on Thursday, July 31st. Separately, 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, July 30th. They now have a “buy” rating 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.
Shares of The Men's Wearhouse (NYSE:MW) opened at 51.69 on Wednesday. The Men's Wearhouse has a 52 week low of $32.46 and a 52 week high of $59.10. The stock’s 50-day moving average is $55.51 and its 200-day moving average is $51.23. The company has a market cap of $2.479 billion and a price-to-earnings ratio of 37.32.
The Men's Wearhouse (NYSE:MW) last posted its quarterly 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 $2.79 earnings per share for the current fiscal year.
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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