NEW YORK (
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- CMRG's revenue growth has slightly outpaced the industry average of 1.4%. Since the same quarter one year prior, revenues slightly increased by 0.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Specialty Retail industry and the overall market, CASUAL MALE RETAIL GRP INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- 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 528.1% when compared to the same quarter one year prior, rising from $5.33 million to $33.49 million.
- 44.70% is the gross profit margin for CASUAL MALE RETAIL GRP INC which we consider to be strong. Regardless of CMRG's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CMRG's net profit margin of 30.00% significantly outperformed against the industry.
Casual Male Retail Group, Inc., together with its subsidiaries, operates as a specialty retailer of men's apparel in the United States, Canada, and Europe. The company has a P/E ratio of 11.6, above the average retail industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7. Casual Male Retail Group has a market cap of $163.9 million and is part of the
industry. Shares are down 0.3% year to date as of the close of trading on Friday.
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-- Written by a member of TheStreet RatingsStaff