Sterne Agee Maintains Buy Rating and $62 PT on Jos. A. Bank Clothiers

A report from Sterne Agee reiterates its Buy rating and $62 price target on Jos. A. Bank Clothiers (NASDAQ: JOSB).

The report states, “We expect JOSB will file its third quarter 10-Q before market open on November 30th and host a call at 11 am ET on Thursday, December 1st. We are estimating Q3 at $0.49 against $0.45 last year with FC consensus higher at $0.51. Our Q3 comp projection is 5% versus 3% last year with revenues of $196.1 million up 13.1%. Retail Metrics consensus is lower at 4.4%.”

JOSB closed yesterday at $51.40.