JoS. A. Bank - Value
02 Septembre 2011 - 2:00AM
Zacks
JoS. A. Bank (JOSB) recently reported fiscal second quarter
results which surprised on the Zacks Consensus by 8.8%. This Zacks
#2 Rank (buy) is expected to grow 2011 earnings by 11.3%.
JoS. A. Bank sells men's suits, tuxedos, casual
clothing, footwear and accessories through 529 stores in 42 states
and the District of Columbia and through its web site,
www.josbank.com. The company has a 100% money back guarantee on its
products.
Sales Rise 22.4% in the Second Quarter
On Aug 31, Jos. A. Bank reported its fiscal second
quarter results and saw sales jump to $230.7 million from $188.4
million in last year's quarter. Same store sales rose 14.7% with
Direct Marketing sales climbing 27.8%.
The good news continued into August, with August
same store sales up "slightly" compared to the same period last
year, even with the impacts of Hurricane Irene.
Earnings per share were 74 cents, which beat the
Zacks Consensus by 8 cents per share. The company made just 59
cents in the year ago quarter.
Zacks Consensus Estimates Rise
The 2011 Zacks Consensus Estimate jumped to $3.43
from $3.40 in the last 30 days. This is earnings growth of
11.3%.
The analysts have not yet revised their estimates
following the second quarter report but given the earnings
surprise, I am looking for the 2011 estimate to rise further.
Still a Value Stock
Shares have been rocky during the summer with sharp
sell offs followed by rallies.
![](http://www.zacks.com/images/upload_dir/1314904187.jpg)
But JoS. A. Bank is still a value stock.
The company has a forward P/E of 14.9, which just
sneaks in under the 15x cut-off I use for value.
It also has a price-to-book of 2.7, under the P/B
ratio of 3.0 that is considered a value indicator.
JoS. A. Bank has been navigating the tough consumer
environment and is still managing to achieve double digit earnings
growth.
This Week's Value Zacks Rank Buy Stocks
Astec Industries, Inc. (ASTE) recently
surprised on the Zacks Consensus Estimate for the 6th quarter in a
row. Sales also jumped 18.5% in Q2. This Zacks #1 Rank (strong buy)
is undervalued with a price-to-sales ratio of just 0.8. Read the
full article.
Ryder System, Inc. (R) raised its full year
forecast after reporting a better than expected second quarter as
revenue grew in the double digits. This Zacks #1 Rank (strong buy)
has attractive valuations with a forward P/E of 12.9x. Read the
full article.
Is it too risky to buy a South American bank right
now? Grupo Financiero Galicia S.A. (GGAL) recently surprised
on the Zacks Consensus for the third time in the last four
quarters. This Zacks #1 Rank (strong buy) is trading at just 6.7x
forward estimates. Read the full article.
Specialty chemicals should be among the first
industries to see a slowdown- if one is coming. OM Group,
Inc. (OMG) recently reported second quarter results and
continues to see strong product demand across various end markets.
This Zacks #1 Rank (strong buy) is a value stock, with a P/S ratio
of 0.8. Read the full article.
Tracey Ryniec is the Value Stock Strategist for
Zacks.com. She is also the Editor of the Turnaround Trader and
Insider Trader services. You can follow her at
twitter.com/traceyryniec.
JOS A BANK CLTH (JOSB): Free Stock Analysis Report
Zacks Investment Research
Jos. A. Bank Clothiers (NASDAQ:JOSB)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Jos. A. Bank Clothiers (NASDAQ:JOSB)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024