The Men's Wearhouse Downgraded by Zacks (MW)
The Men's Wearhouse (NYSE:MW) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $61.20 target price on the stock. Zacks‘s price target indicates a potential upside of 11.37% from the company’s current price.
The Men's Wearhouse (NYSE:MW) traded down 0.56% during mid-day trading on Wednesday, hitting $54.64. 382,408 shares of the company’s stock traded hands. The Men's Wearhouse has a 1-year low of $32.46 and a 1-year high of $59.10. The stock has a 50-day moving average of $54.46 and a 200-day moving average of $51.75. The company has a market cap of $2.621 billion and a price-to-earnings ratio of 39.82.
The Men's Wearhouse (NYSE:MW) last released its earnings data on Thursday, June 5th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.65 earnings per share. The Men's Wearhouse’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that The Men's Wearhouse will post $2.72 EPS for the current fiscal year.
MW has been the subject of a number of other recent research reports. 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The Men's Wearhouse currently has an average 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.
To view Zacks’ full report, visit Zacks’ official website.
Receive News & Ratings for The Men's Wearhouse Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Men's Wearhouse Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.