Tailored Brands (TLRD) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Tailored Brands (NYSE:TLRD) from a hold rating to a buy rating in a research note released on Friday morning. Zacks Investment Research currently has $20.00 price objective on the stock.

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. “

Several other research analysts have also commented on the stock. BidaskClub lowered shares of Tailored Brands from a buy rating to a hold rating in a research note on Thursday, October 12th. Jefferies Group reissued a hold rating and issued a $13.00 price objective (up previously from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. FBR & Co reissued a buy rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Thursday, September 21st. ValuEngine lowered shares of Tailored Brands from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, B. Riley reissued a buy rating on shares of Tailored Brands in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Tailored Brands presently has a consensus rating of Buy and an average price target of $17.71.

Shares of Tailored Brands (NYSE TLRD) opened at $17.44 on Friday. Tailored Brands has a 12-month low of $9.40 and a 12-month high of $28.76. The firm has a market cap of $837.31, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.56 and a beta of 1.89. The company has a debt-to-equity ratio of -32.83, a quick ratio of 0.56 and a current ratio of 2.74.

Tailored Brands (NYSE:TLRD) last announced its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. Tailored Brands had a net margin of 1.79% and a negative return on equity of 108.13%. The business had revenue of $851.00 million during the quarter, compared to analysts’ expectations of $868.22 million. During the same period last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. equities research analysts anticipate that Tailored Brands will post 1.84 EPS for the current year.

The company also recently declared 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 dividend on an annualized basis and a yield of 4.13%. Tailored Brands’s dividend payout ratio is currently 60.50%.

A number of institutional investors have recently modified their holdings of TLRD. California Public Employees Retirement System raised its holdings in Tailored Brands by 8.1% during the first quarter. California Public Employees Retirement System now owns 107,500 shares of the company’s stock worth $1,606,000 after purchasing an additional 8,100 shares in the last quarter. BlackRock Inc. raised its holdings in Tailored Brands by 45,196.0% during the first quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock worth $87,319,000 after purchasing an additional 5,831,636 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Tailored Brands by 32.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 290,441 shares of the company’s stock worth $4,340,000 after purchasing an additional 71,257 shares in the last quarter. State Street Corp raised its holdings in Tailored Brands by 7.3% during the first quarter. State Street Corp now owns 1,435,459 shares of the company’s stock worth $21,441,000 after purchasing an additional 98,069 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in Tailored Brands by 21.5% during the first quarter. Credit Suisse AG now owns 108,481 shares of the company’s stock worth $1,621,000 after purchasing an additional 19,196 shares in the last quarter.

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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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