The Men’s Wearhouse, Inc (NYSE:MW) announced on Wednesday that fiscal Q4 net loss was $3.4 million or $0.07 a share, evaluated against net loss of $3.8 million or $0.07 a share in the similar quarter previous year.
Thomson Reuters analysts survey forecasted a loss of $0.05 a share for three months period.
Men’s apparel retailer’s total quarterly net sales for three months period hiked 8.2% to $608.4 million from $562.2 million for the similar quarter previous year. Analysts forecasted revenues of $610.0 million for three months period.
Quarterly sales at retail segment moved up by 6.8%, while corporate apparel sales hiked by 21.5%.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) rose +0.57% to settle at $42.18, Destination XL Group Inc (NASDAQ:DXLG) moved up +0.22% to end at $4.51 while Express, Inc. (NYSE:EXPR) dropped -3.18% to finish at $18.25 on Wednesday.
The Men’s Wearhouse, Inc. (NYSE:MW) on March 13, 2013 decreased -0.34% to the closing price of $29.07. The overall volume in the last trading session was 1.43 million shares. Its fifty two weeks range was $25.97 – $40.67. The total market capitalization remained at $1.48 billion.
MW is ahead of its 52-week low with 13.15% and lagging behind from its 52-week high price with -27.30%. MW’s last month’s stock price volatility remained 2.17%. In its share capital MW has 50.89 million outstanding shares, among them 48.14 million shares have been floated in market exchange. MW’s stock’s institutional ownership remained 96.70% while insider ownership included 0.90%.
The stock price of MW is moving forward from its 20 days moving average with 1.46% and remote negatively from 50 days moving average with -4.11%. MW’s current year’s earnings per share experienced an addition with 81.59% while its current quarter performance remained at -4.09%. Company’s beta coefficient included 1.49. Beta factors measure the amount of market risk associated with market trade.
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