Heavy Early Morning Activity On Jos A Bank Clothiers (JOSB)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Jos A Bank Clothiers ( JOSB) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Jos A Bank Clothiers as such a stock due to the following factors:

  • JOSB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.1 million.
  • JOSB traded 232,717 shares today in the pre-market hours as of 8:10 AM, representing 34.7% of its average daily volume.

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More details on JOSB:

Jos. A. Bank Clothiers, Inc. engages in designing, manufacturing, retailing, and direct marketing men's tailored and casual clothing, and accessories in the United States. JOSB has a PE ratio of 23.6. Currently there are no analysts that rate Jos A Bank Clothiers a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Jos A Bank Clothiers has been 755,100 shares per day over the past 30 days. Jos A Bank Clothiers has a market cap of $1.5 billion and is part of the services sector and retail industry. The stock has a beta of 0.92 and a short float of 16.3% with 4.97 days to cover. Shares are up 0.2% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Jos A Bank Clothiers as a buy. 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • Despite its growing revenue, the company underperformed as compared with the industry average of 7.0%. Since the same quarter one year prior, revenues slightly increased by 6.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • JOSB has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, JOSB has a quick ratio of 2.39, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Net operating cash flow has significantly increased by 365.83% to $16.85 million when compared to the same quarter last year. In addition, JOS A BANK CLOTHIERS INC has also vastly surpassed the industry average cash flow growth rate of 0.61%.
  • The gross profit margin for JOS A BANK CLOTHIERS INC is rather high; currently it is at 60.44%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 5.50% trails the industry average.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 31.22% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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