JOS A Bank Clothiers "buy," estimates raised

04/05/05 - Morgan Joseph & Co

NEW YORK, April 5 (newratings.com) - Analysts at Morgan Joseph reiterate their "buy" rating on JOS A Bank Clothiers (JOSB), while raising their estimates for the company. The target price is set to $36.

In a research note published yesterday, the analysts mention that the company reported its F4Q04 EPS ahead of expectations. JOS A Bank Clothiers’ gross margin improvement for the quarter was offset by the pressure on its operating expense ratio, the analysts add. The EPS estimate for FY05 has been raised from $2.00 to $2.05.