Miller Tabak Upgrades The Mens Wearhouse (MW) to Buy; Rags to Riches
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Price: $13.71 --0%
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Miller Tabak upgraded The Mens Wearhouse (NYSE: MW) from Neutral to Buy. PT $33.
Miller analyst says, "As one of the largest specialty apparel retailers of men’s tailored clothing Men’s Wearhouse is levered to the U.S. macro cycle, specifically entry level white collar employment trends and discretionary income. Tailored clothing accounts for ~40% of the core Men’s Wearhouse concept sales, 45% of the consolidated total. Comps have improved for four (4) consecutive quarters."
"We think management will use its debt free balance sheet to support a more aggressive share repurchase program as well as to raise the dividend payout ratio over time. Acquisitions are another option should the opportunity present itself. According to our estimates, cash per share may reach 1.08 a share at year-end 2011."
For more ratings news on The Mens Wearhouse click here and for the rating history of The Mens Wearhouse click here.
Shares of The Mens Wearhouse closed at $27.52 yesterday.
Miller analyst says, "As one of the largest specialty apparel retailers of men’s tailored clothing Men’s Wearhouse is levered to the U.S. macro cycle, specifically entry level white collar employment trends and discretionary income. Tailored clothing accounts for ~40% of the core Men’s Wearhouse concept sales, 45% of the consolidated total. Comps have improved for four (4) consecutive quarters."
"We think management will use its debt free balance sheet to support a more aggressive share repurchase program as well as to raise the dividend payout ratio over time. Acquisitions are another option should the opportunity present itself. According to our estimates, cash per share may reach 1.08 a share at year-end 2011."
For more ratings news on The Mens Wearhouse click here and for the rating history of The Mens Wearhouse click here.
Shares of The Mens Wearhouse closed at $27.52 yesterday.
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