JoS. A. Bank Clothiers Buyback
OLI recorded this information on 2/19/2014
JoS. A. Bank Clothiers
JoS. A. Bank Clothiers, Inc. (Nasdaq:JOSB) ("Jos. A. Bank" or the "Company") today announced that it has commenced a tender offer to purchase up to $300.0 million in value of shares of its common stock at a price of $65.00 per share. The closing price of the Company's common stock on February 18, 2014 was $54.20 per share.
Jos. A. Bank Clothiers is a designer, manufacturer, retailer and direct marketer of men's tailored and casual clothing and accessories and is a retailer of tuxedo rental products. Co.'s products include suits, tuxedos, dress shirts, sportcoats, dress pants, overcoats, vests, ties, sportswear, sweaters, belts and braces, socks and underwear, among other items. As of Feb 2 2013, Co. sold substantially all of its products under the Jos. A. Bank label through 602 retail stores located throughout 44 states and the District of Columbia in the U.S., as well as through its catalog call center and Internet (www.josbank.com) operations. Co. has two reportable segments: Stores and Direct Marketing.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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