Jos. A. Bank Clothiers Downgraded to “Hold” at TheStreet (JOSB)

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Jos. A. Bank Clothiers (NASDAQ:JOSB) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Wednesday.

The analysts wrote, “Jos A Bank Clothiers (JOSB) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.”

Shares of Jos. A. Bank Clothiers (NASDAQ:JOSB) traded down 0.02% during mid-day trading on Wednesday, hitting $64.97. The stock had a trading volume of 71,327 shares. Jos. A. Bank Clothiers has a 52-week low of $38.70 and a 52-week high of $65.03. The stock has a 50-day moving average of $64.60 and a 200-day moving average of $60.24. The company has a market cap of $1.819 billion and a P/E ratio of 101.06.

Jos. A. Bank Clothiers (NASDAQ:JOSB) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.08. During the same quarter in the prior year, the company posted $0.29 earnings per share. Analysts expect that Jos. A. Bank Clothiers will post $3.20 EPS for the current fiscal year.

Separately, analysts at Ned Davis Research upgraded shares of Jos. A. Bank Clothiers from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.80.

Jos. A. Bank Clothiers, Inc (NASDAQ:JOSB) is a designer, manufacturer, retailer and direct marketer (through stores, catalog call center and Internet) of men’s tailored and casual clothing and accessories and is a retailer of tuxedo rental products.

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