Men's Wearhouse (MW) Tops Q1 EPS by 2c, Enters Agreement with Macy's (M) for Tuxedo Rental Shops
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Cowen Raises Price Target on Men's Wearhouse (MW) Following Q1 EPS Beat
June 11, 2015 1:52 PM EDTCowen maintains a Market Perform rating on The Men's Wearhouse, Inc. (NYSE: MW), and raised the price target yo $57.00 (from $55.00), following Q1. MW reported EPS of $0.54, above consensus of $0.51.
Analyst John Kernan commented, "MW reported better than expected Q1 SSS across the... More
Stifel Affirms Men's Wearhouse (MW) at 'Buy' Following Q1 Results, Macy's (M) Agreement
June 11, 2015 6:50 AM EDTStifel reaffirms Men's Wearhouse (NYSE: MW) with a Buy rating and $60 price target following Q1 results issued late Wednesday.
Analyst Richard Jaffe noted that MW's Q1 adjusted EPS of $0.54 was flat with the firm's outlook and 3 cent above consensus views. Adjusted operating margin of 7.7 percent was flat with the firm's outlook and down 20 basis points from last... More
Macy's (M), Men's Wearhouse (MW) Announce Agreement on In-Store Tuxedo Rental Shops
June 10, 2015 5:31 PM EDTMacys, Inc. (NYSE: M) today announced that it has signed an agreement with Men's Wearhouse (NYSE: MW) to open licensed tuxedo rental shops within 300 Macys stores nationwide.
These Macys-branded shops will be operated by Mens Wearhouse and staffed by its trained formalwear professionals in dedicated space located in or near the mens department in Macys stores. They will be fully integrated in Macys storewide wedding experience, and support Millennial merchandising strategies related to... More
