Zacks Investment Research lowered shares of Tailored Brands Inc (NASDAQ:TLRD) from a strong-buy rating to a hold rating in a research note released on Wednesday.
According to Zacks, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. “
Other equities research analysts also recently issued reports about the company. Jefferies Group LLC restated a hold rating and set a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research report on Friday, September 8th. FBR & Co restated an outperform rating and set a $16.00 price objective on shares of Tailored Brands in a research report on Tuesday, July 11th. ValuEngine downgraded Tailored Brands from a buy rating to a hold rating in a research report on Saturday, June 24th. Wunderlich set a $24.00 price objective on Tailored Brands and gave the company a buy rating in a research report on Thursday, June 8th. Finally, TheStreet upgraded Tailored Brands from a d+ rating to a c- rating in a research report on Wednesday, June 7th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Tailored Brands presently has an average rating of Hold and an average price target of $16.86.
Tailored Brands (TLRD) opened at 14.55 on Wednesday. The company’s 50-day moving average price is $12.08 and its 200 day moving average price is $12.71. The company has a market capitalization of $715.79 million and a price-to-earnings ratio of 12.18. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. The company had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $868.22 million. During the same quarter last year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts expect that Tailored Brands will post $1.83 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a $0.18 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.72 annualized dividend and a yield of 4.95%.
In other news, CFO Jack Calandra acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of $9.50 per share, with a total value of $95,000.00. Following the completion of the purchase, the chief financial officer now directly owns 31,026 shares in the company, valued at $294,747. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the completion of the transaction, the director now directly owns 22,757 shares in the company, valued at approximately $247,141.02. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Tailored Brands by 19.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock valued at $121,225,000 after acquiring an additional 1,770,480 shares in the last quarter. BlackRock Inc. boosted its position in Tailored Brands by 45,196.0% during the 1st quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock valued at $87,319,000 after acquiring an additional 5,831,636 shares in the last quarter. Capital World Investors boosted its position in Tailored Brands by 6.3% during the 2nd quarter. Capital World Investors now owns 3,741,000 shares of the company’s stock valued at $41,750,000 after acquiring an additional 222,000 shares in the last quarter. Boston Partners boosted its position in Tailored Brands by 1.8% during the 2nd quarter. Boston Partners now owns 2,260,055 shares of the company’s stock valued at $25,222,000 after acquiring an additional 39,733 shares in the last quarter. Finally, Park West Asset Management LLC boosted its position in Tailored Brands by 139.5% during the 1st quarter. Park West Asset Management LLC now owns 1,995,876 shares of the company’s stock valued at $29,818,000 after acquiring an additional 1,162,401 shares in the last quarter.
About Tailored Brands
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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