Men's Wearhouse (MW) PT Cut to $16 at Mizuho Securities as JAB Deceleration Clouds Visibility
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S&P Downgrades Men's Wearhouse (MW) to 'B'; Notes Significant Underperformance at Jos. A. Bank
December 11, 2015 2:53 PM ESTStandard & Poor's Ratings Services today lowered its corporate credit rating to 'B' from 'B+' on Mens Wearhouse Inc. The outlook is stable.
At the same time, we lowered the issue-level rating on the term loan to 'B+' from 'BB-' and the issue-level rating on the unsecured notes to 'CCC+' from 'B-'. The '2' recovery rating on the term loan and '6' recovery rating on the unsecured notes remain unchanged, indicating our expectation of recovery on the high end of the 70%-90% range and 0%-10% range, respectively.
"The rating action reflects significant... More
Men's Wearhouse (MW) PT Cut to $16 at Jefferies - 'Don't Bank On a Quick Fix Here'
December 11, 2015 8:21 AM ESTJefferies maintained a Hold rating on The Men's Wearhouse, Inc. (NYSE: MW), and cut the price target to $16.00 (from $32.00), as visibility on turnaround becomes cloudy. MW met recently lowered 3Q guidance, but Jos Bank's steep 35% comp decline 4QTD is outpacing already morose expectations for a 20-25%... More
Notable 52-Week Highs and Lows 12/10: (SWHC) (NVRO) (MCD) High; (MW) (RAS) (CVO) Low
December 10, 2015 2:32 PM EST52-Week High:Smith & Wesson (Nasdaq: SWHC) $23.33. Smith & Wesson continuing higher from Q2 results and outlook reported earlier in the week. On Tuesday night, SWHC reported Q2 EPS of $0.25, versus the analyst estimate of $0.20. Revenue for the quarter came in at $143.2 million versus the consensus estimate of $138.69 million. The company said it sees FY16 EPS of $1.26-$1.31 and revenue of $625 - $635 million, with the consensus at $1.20 and $623 million, respectively.
Nevro Corp. (NYSE:... More
Unusual 11 Mid-Day Movers 12/10: (BLT) (INVT) (LOJN) Higher; (AEZS) (AIXG) (MW) Lower
December 10, 2015 1:01 PM ESTBlount International, Inc. (NYSE: BLT) 84.5% HIGHER; announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC and P2 Capital Partners, LLC, in an all-cash transaction valued at approximately $855 million, including the assumption of debt. Blount is a global manufacturer and marketer of replacement parts, equipment, and accessories for consumers and professionals operating in three market segments: Forestry, Lawn, and Garden; Farm, Ranch, and Agriculture (FRAG); and Concrete Cutting and Finishing.
Pre-Open Stock Movers 12/10: (BLT) (LOJN) (OLLI) Higher; (AIXG) (MW) (CIEN) Lower (more...)
December 10, 2015 9:32 AM ESTBlount International, Inc. (NYSE: BLT) 82.5% HIGHER; announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC (American Securities) and P2 Capital Partners, LLC (P2 Capital Partners) in an all-cash transaction valued at approximately $855 million, including the assumption of debt. Blount is a global manufacturer and marketer of replacement parts, equipment, and... More
Wall Street closes higher but pares gains with oil slide
December 10, 2015 7:37 AM ESTBy Sinead Carew
(Reuters) - U.S. stocks closed higher on Thursday after a three-day decline but sharply pared gains late in the session as oil dropped to near seven-year lows and the strong dollar weighed on sentiment.
Major U.S. indexes have had a bruising week as a rout in oil prices made investors worry about economic growth.
Oil futures fell to fresh lows since 2009 as traders looked beyond a drop in U.S. crude stockpiles to focus on a global supply glut, while a stronger dollar weighed on commodities.
After settling... More
Stifel Downgrades The Men's Wearhouse, Inc. (MW) to Hold
December 10, 2015 6:56 AM ESTStifel downgraded The Men's Wearhouse, Inc. (NYSE: MW) from Buy to Hold and removed its price target (prior $27.00).
For an analyst ratings summary and ratings history on The Men's Wearhouse, Inc.... More
Men's Wearhouse (MW) Adds New Director
December 10, 2015 6:15 AM ESTThe Men's Wearhouse (NYSE: MW) today announced the appointment of Irene Chang Britt as an additional member to the Board of Directors.
"Irene is a highly seasoned consumer products executive and director whose experience includes leadership roles at the Campbell Soup... More
Men's Wearhouse (MW) Reports In-Line Q3 EPS but Quarter-to-Date Comp Sales at Jos. A. Bank Fall 35.1%
December 9, 2015 5:31 PM EST(Updated - December 9, 2015 5:36 PM EST)
Men's Wearhouse (NYSE: MW) reported Q3 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $865.4 million versus the consensus estimate of $876.81 million.
As reported in the Company's preliminary results release on November 5, 2015, third quarter comparable sales increased 5.3% at Men's Wearhouse with clothing comps of 7.2% driven by higher transactions per store and rental comps of 0.7%.
Through the first week of December, the quarter-to-date comparable sales at Jos. A. Bank were down 35.1% while our other brands average comparable sales were up... More
Trading Radar for 12/9: lululemon athletica (LULU), Vera Bradley (VRA), Men's Wearhouse (MW), Layne Christensen (LAYN) Report
December 8, 2015 2:39 PM ESTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EST
Earnings:
