The Men’s Warehouse (NYSE:MW) Receives a Downgrade
Stifel Nicolaus lowered their rating for shares of The Men’s Warehouse (NYSE:MW) from “Buy” to “Hold” in an analyst note that was made public on Thursday, 10 December.
From a total of 5 analysts covering The Men’s Warehouse (NYSE:MW) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is $35 while the lowest target price is $27. The mean of all analyst targets is $30.8 with a 187.96% above today’s ($14.7) stock price. The Men’s Warehouse was the topic of 5 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on November 6 to “Neutral” rating. Jefferies maintained shares with “Buy” rating and $67 target share price in a report from an August 20. Mizuho downgraded MW stock in a recent report from November 6 to “Neutral” rating.
Approximately 12.25M shares of stock traded hands or 364.02% up from the average. Men’s Wearhouse Inc (NYSE:MW) has declined 67.87% since May 7, 2015 and is downtrending. It has underperformed by 65.93% the S&P500.
The overall sentiment of institutions has increased to 1.6 in Q2 2015. Its up 0.34, from 1.26 in 2015Q2. The ratio increased, as 42 institutions have sold all the shares of Men’s Wearhouse Inc that they owned while 48 funds have taken shares off the table. 45 funds have purchased shares for the first time while 99 added to their positions. These institutions now hold 51.21 million shares or 0.86% less than the 51.65 million shares they owned in 2015Q2.
The Fund Beaconlight Capital Llc currently is holding shares equating to 14.18% of its total portfolio in Men’s Wearhouse Inc representing a total of 550,660 shares. Another fund,Bodri Capital Management Llc, is holding a total of 170,000 shares equating to 7.19% of their holdings. Additionally, Lioneye Capital Management Llc has a 2.51 million share stake in Men’s Wearhouse Inc which represents 4.42% of their total portfolio. The Fund, Villere St Denis J & Co Llc, based out of Louisiana, has also built up a stake in the stock, which represents a total of 4.32% of their total portfolio. Finally Kortright Capital Partners Lp, a fund which is based in the state of New York reported a total holdings of 91,600 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 18, 2015, shareholders of Men’s Wearhouse Inc have witnessed 0 insider purchases, and a total of 3 selling transactions equating to a net activity of approximately $553,411 . Bragg James R Ii sold 3,000 shares worth approximately $181,896. Sechrest William B sold 3,000 shares worth approximately $182,144. Stein Sheldon I sold 3,000 shares worth approximately $189,371. Becker B. Michael sold 1,000 shares worth approximately $52,364. The company insider Edwab David H sold 10,000 shares worth $507,830.
The Men’s Wearhouse, Inc. is a specialty retailer of men’s suits and a well-known provider of tuxedo rental product in the United States and Canada. The company has a market cap of $954.47 million. It operates in two divisions: retail, which offers its services and products through its four retail merchandising brands and Internet Websites. It has 24.83 P/E ratio. The Company’s corporate apparel segment provides corporate clothing uniforms and work wear to workforces.
According to Zacks Investment Research, “Men’s Wearhouse, Inc. is one of the largest specialty retailers of menswear in the United States and Canada. Under the Men’s Wearhouse brand, the company targets middle and upper middle income men by offering quality merchandise at everyday low prices. In addition to value, Men’s Wearhouse, Inc. provides a superior level of customer service.” Get a free copy of the Zacks research report on Men’s Wearhouse Inc (MW).