Tailored Brands Inc. (NYSE:TLRD) Given Average Recommendation of “Hold” by Brokerages
Tailored Brands Inc. (NYSE:TLRD) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.00.
Several research firms recently issued reports on TLRD. Deutsche Bank AG reiterated a “buy” rating and issued a $23.00 price objective on shares of Tailored Brands in a report on Tuesday, June 7th. Wunderlich began coverage on Tailored Brands in a report on Tuesday, August 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Tailored Brands in a report on Thursday, June 9th. Zacks Investment Research upgraded Tailored Brands from a “sell” rating to a “hold” rating in a report on Friday, September 9th. Finally, Jefferies Group cut their price target on Tailored Brands from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, June 10th.
Shares of Tailored Brands (NYSE:TLRD) traded down 2.16% on Wednesday, hitting $15.84. The stock had a trading volume of 1,602,920 shares. Tailored Brands has a 52-week low of $9.95 and a 52-week high of $45.67. The firm’s market cap is $771.31 million. The firm’s 50-day moving average price is $14.70 and its 200 day moving average price is $14.92.
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Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm had revenue of $909 million for the quarter, compared to the consensus estimate of $890.14 million. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. On average, equities research analysts predict that Tailored Brands will post $1.70 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new position in Tailored Brands during the second quarter valued at about $120,000. Cowen Group Inc. acquired a new position in Tailored Brands during the second quarter valued at about $1,578,000. Royal Bank of Canada boosted its position in Tailored Brands by 9.9% in the second quarter. Royal Bank of Canada now owns 591,762 shares of the company’s stock valued at $7,492,000 after buying an additional 53,119 shares in the last quarter. Sterling Capital Management LLC acquired a new position in Tailored Brands during the second quarter valued at about $245,000. Finally, Wedge Capital Management L L P NC acquired a new position in Tailored Brands during the second quarter valued at about $250,000.
Tailored Brands Company Profile
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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