Men’s Wearhouse Inc. (NYSE:MW) reported late on Monday that Neill Davis, the retailer’s CFO, has decided to leave the firm on August 2 to carry the post of president of women’s specialty retailer Francesca’s Holdings Corp.
Diana Wilson, who has acted as Men’s Wearhouse’s chief accounting officer, would act as temporary CFO for the company till the new CFO is announced.
The Men’s Wearhouse, Inc. (NYSE:MW) stock in current session held volume of 57,515.00 shares as compare to its average volume of 973,171.00 shares. The stock after opening at $27.99 hit high price of $28.16 and then trading at $27.62 by scoring -2.44% at 10:25AM EDT.
Its competitors include Jos. A. Bank Clothiers, Inc. (NASDAQ:JOSB) that slipped -0.16% to $42.80 with the total traded volume of 8,777.00 shares.
Other services stocks with bullish trend include Sirius XM Radio Inc (NASDAQ:SIRI) up 3.78% to $2.06, CarMax, Inc (NYSE:KMX) up 0.80% to $26.31 and Wal-Mart Stores, Inc. (NYSE:WMT) up 0.91% to $69.98, whereas with bearish trend include The Home Depot, Inc. (NYSE:HD) down -2.06% to $51.92, Lowe’s Companies, Inc. (NYSE:LOW) down -3.11% to $27.73 and J.C. Penney Company, Inc. (NYSE:JCP) down -4.36% to $21.73.
MW generated revenue of 2.39 billion in the following twelve months income of $118.24 million. The Company showed a positive 5.02% in the net profit margin and in addition to in its operating margin which remained 7.65%. Company’s annual sales growth for the past five year was 4.83%.
The stock showed weekly upbeat performance of 2.61% which was maintained for the month at -18.91%. Likewise the negative performance for the quarter was recorded as -27.35% and for the year was -17.42% while the YTD performance remained at -11.70%.
The MW past twelve months price to sales ratio was 0.60 and price to cash ratio remained 12.14. As far as the returns are concern, the MW return on equity was recorded as 11.99% and increased 11.16% return on investment while its return on asset stayed at 8.45%.
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