Roth Capital Is Cautious on Jos.A. Bank Clothiers

Analyst Russell Hoss says the retailer's higher-than-expected inventory and debt has led to stock weakness

Roth Capital is cautious on Jos.A. Bank Clothiers (JOSB ).

Analyst Russell Hoss says stock weakness is due to concerns over higher-than-expected inventory and debt levels. Also he cites, to a lesser extent, management's reiteration of the $1.86 to $1.91 fiscal 2004 (Jan.) earnings per share guidance, noting the Street's consensus was higher.

Hoss says some investors must have been assuming Jos. A Bank would raise its forecast. But he notes management has historically been conservative in its guidance. Hoss also says he had a 35 cents third-quarter earnings per share estimate.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE