Men's Wearhouse falls on last fall with Jos. A. Bank

Men's Wearhouse, Inc. (MW) noted a big drop Tuesday, with shares falling by over

5 percent on the day. The stock has shredded nearly 13 percent in the past month, noticeably shaken by the last developments with Jos. A. Bank.

Analysts at Zacks Equity Research highlighted that "the apparel and shoe retailer has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump."

Elsewhere, Dick's Sporting Goods reported fourth-quarter consolidated same-store sales above their expectations, what has lead the sports apparel company to raise its profit guidance for both the fourth quarter and the full year. "We enter 2014 with a robust and growing omni-channel network and exciting merchandising opportunities, which we believe will translate into double-digit earnings growth."

Consolidated same-store sales increased 7 percent in the fourth quarter of 2013. Dick's also saw better-than-anticipated merchandise margins, and now expects consolidated earnings per diluted share to come between 1.10 and 1.11 dollars for the fourth quarter, compared to the guidance of 1.04 to 1.07 dollars provided on November 19, 2013. For the fourth quarter of 2012, consolidated earnings per diluted share were 1.03 dollars.

"Even with the cautious consumer environment and a shorter and promotional holiday season, we generated sales well above our original expectations, maintained merchandise margin levels consistent with last year and leveraged SG&A (Selling, General and Administrative expenses)," said Edward W. Stack, chairman and CEO of Dick's.

Without leaving the athletic apparel subsector, Foot Locker, Inc. (NYSE: FL) announced Tuesday that its Board of Directors declared a quarterly cash dividend on the company's common stock of 0.22 dollars per share, which will be payable on May 2, 2014 to shareholders of record on April 17, 2014. This dividend represents a 10 percent increase over the company's previous quarterly dividend per share. "I'm pleased that our Board of Directors has demonstrated its continued confidence in the financial strength of the Company and recognized our shareholders' ongoing support by declaring another double digit percentage increase in our quarterly dividend," said Ken C. Hicks, Chairman of the Board and Chief Executive Officer.