Jos A Bank Clothiers, Inc. (JOSB) is scooping up big gains in a tough market as consumers flock to the company’s competitively priced business apparel.

Company Description

Jos A Bank Clothier, together with its subsidiaries, designs and sells mens suits and accessories in the United States, operating 460 stores as of January 31, 2009. The company was founded in 1905 and has a market cap of $682 million.

Jos A Bank’s share price recently spiked higher after the company reported impressive full-year results on Apr 9 that were ahead of expectations.

Full-Year Results

Sales were up 15.2% from last year to $695.9 million. Income came in at $58.4 million, up from $50.2 million last year, producing earnings of $3.17, a 17% increase from last year.

Estimes Jump

After the solid quarterly and full-year results, analysts were quick to upgrade their earnings forecasts. The current-year estimate is up 19 cents in the last 7 days to $3.40 per share. The next-year estimate is up 25 cents in the same period to $3.65, a 7.42% earnings growth projection.

Valuations, P/E and PEG

Based upon the current-year estimate, this stock has a P/E multiple of 10.75X and a PEG ratio of 1.5.

The Chart

As previously mentioned, shares of JOSG have been rallying in response to the solid quarter, jumping from just above $30 to a recent high above $38. Take a look at the big jump below.

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