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Jos. A Bank Clothiers Shares Jumped: What You Need to Know

By Travis Hoium | More Articles
August 31, 2011 | Comments (2)

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of men’s clothier Jos. A Bank (Nasdaq: JOSB  ) are looking very fashionable today, climbing as much as 12% after the company reported earnings.

So what: Same-store sales growth of 14.7% helped drive sales to $230.7 million, far exceeding the $209.7 million analysts expected. And earnings per share of $0.74 were $0.06 better than expectations.

Now what: Phillips-Van Heusen (NYSE: PVH  ) also reported solid earnings late yesterday, so maybe men finally think it’s time to update the old wardrobe. Jos. A Bank has a mixed history of meeting expectations, and with discounts contributing to the sales growth this quarter, I’m not sure if the growth is sustainable. I think Phillips-Van Heusen has a better history of beating expectations in the men’s clothing market and would be this Fool’s pick right now.

Interested in more info on Jos. A Bank? Add it to your watchlist.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 31, 2011, at 4:03 PM, PhulishMortal wrote:

    "I think Phillips-Van Heusen has a better history of beating expectations in the men’s clothing market and would be this Fool’s pick right now."

    Not to knock PVH -- since I don't really know anything about them -- but so what? As an investor (and I am long JOSB) I'm more interested in whether the business itself is sound and growing rather than if they are simply managing analyst expectations.

    I'm not trying to slam you here, Travis; I realize the "What You Need to Know" articles aren't intended as incredible in-depth analysis. It's just that I have never been able to be that concerned with what analysts predict on a quarter-by-quarter basis.

  • Report this Comment On August 31, 2011, at 8:35 PM, ehuerta93 wrote:

    PVH has good quality clothing at reasonable prices.

    Apart from that, I believe Travis is taking a Zack's approach.

    Typically, if a business meets analysts' quarterly expectations it tends to rocket upwards.

    -EH

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Related Tickers

5/25/2012 4:00 PM
JOSB $48.14 Up +0.63 +1.33%
Jos. A. Bank Cloth… CAPS Rating: ***
PVH $82.46 Up +0.08 +0.10%
Phillips-Van Heuse… CAPS Rating: ***

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