Equities analysts expect that Tailored Brands (NYSE:TLRD) will report $792.63 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Tailored Brands’ earnings, with estimates ranging from $786.26 million to $799.00 million. Tailored Brands reported sales of $782.91 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The firm is expected to report its next quarterly earnings results on Wednesday, June 6th.
On average, analysts expect that Tailored Brands will report full year sales of $3.30 billion for the current year, with estimates ranging from $3.27 billion to $3.33 billion. For the next fiscal year, analysts expect that the company will post sales of $3.36 billion per share, with estimates ranging from $3.30 billion to $3.42 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Tailored Brands.
A number of brokerages have recently commented on TLRD. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, March 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.33.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TLRD. Frontier Capital Management Co. LLC lifted its holdings in shares of Tailored Brands by 45.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,853,108 shares of the company’s stock valued at $40,453,000 after purchasing an additional 579,626 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Tailored Brands by 335.3% during the fourth quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock worth $14,112,000 after acquiring an additional 497,921 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Tailored Brands during the fourth quarter worth $9,633,000. Monarch Partners Asset Management LLC purchased a new stake in shares of Tailored Brands during the fourth quarter worth $6,176,000. Finally, Geode Capital Management LLC raised its holdings in shares of Tailored Brands by 45.4% during the fourth quarter. Geode Capital Management LLC now owns 670,678 shares of the company’s stock worth $14,640,000 after acquiring an additional 209,343 shares in the last quarter.
Shares of NYSE:TLRD traded up $0.40 on Monday, reaching $28.95. 711,049 shares of the company traded hands, compared to its average volume of 1,152,743. Tailored Brands has a fifty-two week low of $9.40 and a fifty-two week high of $29.24. The company has a market capitalization of $1,405.89, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.75. The company has a debt-to-equity ratio of 634.61, a quick ratio of 0.59 and a current ratio of 2.51.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.49%. Tailored Brands’s payout ratio is currently 32.73%.
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Tailored Brands Company Profile
Tailored Brands, Inc operates as a specialty apparel retailer in the United States, Puerto Rico, and Canada. The company operates in two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, dress pants, ties, shoes, and accessories for men in classic, modern, and slim fits in various sizes; and a selection of tuxedo and suit rental products.
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