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TheStreet Ratings Top 10 Rating Changes

NEW YORK (TheStreet Ratings) -- Every trading day TheStreet Ratings' stock model reviews the investment ratings on around 4,900 U.S. traded stocks for potential upgrades or downgrades based on the latest available financial results and trading activity.

TheStreet Ratings released rating changes on 57 U.S. common stocks for week ending June 10, 2011. 23 stocks were upgraded and 34 stocks were downgraded by our stock model.

Rating Change #10

Men's Wearhouse (MW) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • Net operating cash flow has significantly increased by 60.39% to $79.03 million when compared to the same quarter last year. In addition, MENS WEARHOUSE INC has also vastly surpassed the industry average cash flow growth rate of -34.76%.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Specialty Retail industry. The net income increased by 101.5% when compared to the same quarter one year prior, rising from $13.61 million to $27.43 million.
  • MENS WEARHOUSE INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MENS WEARHOUSE INC increased its bottom line by earning $1.27 versus $0.87 in the prior year. This year, the market expects an improvement in earnings ($2.05 versus $1.27).
  • Powered by its strong earnings growth of 100.00% and other important driving factors, this stock has surged by 59.98% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • The revenue growth greatly exceeded the industry average of 12.8%. Since the same quarter one year prior, revenues rose by 22.6%. Growth in the company's revenue appears to have helped boost the earnings per share.

The Men's Wearhouse, Inc. operates as a specialty retailer of men's suits in the United States and Canada. The company operates its retail apparel stores under Men's Wearhouse, Men's Wearhouse and Tux, and K&G brand names in 47 states in the U.S. and the District of Columbia. The company has a P/E ratio of 24.3, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Men's Wearhouse has a market cap of $1.6 billion and is part of the services sector and retail industry. Shares are up 20.5% year to date as of the close of trading on Thursday.

You can view the full Men's Wearhouse Ratings Report or get investment ideas from our investment research center.

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