Tailored Brands Inc. (TLRD) Stock Rating Upgraded by Zacks Investment Research
Tailored Brands Inc. (NYSE:TLRD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $18.00 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 10.70% from the stock’s previous close.
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 analysts also recently issued reports on the company. Deutsche Bank AG cut their price objective on Tailored Brands from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Johnson Rice upgraded Tailored Brands from a “hold” rating to an “accumulate” rating in a report on Thursday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $18.00 price objective (up previously from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Mizuho boosted their price objective on Tailored Brands from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, September 8th. Finally, Wunderlich began coverage on Tailored Brands in a report on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Tailored Brands presently has an average rating of “Hold” and an average target price of $18.00.
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Shares of Tailored Brands (NYSE:TLRD) traded down 1.66% on Tuesday, reaching $15.99. 366,885 shares of the company’s stock were exchanged. The company’s market capitalization is $778.62 million. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $44.68. The firm’s 50 day moving average price is $15.33 and its 200-day moving average price is $14.79.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The firm had revenue of $909 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the previous year, the business earned $1.07 earnings per share. Tailored Brands’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Tailored Brands will post $1.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Tuesday, December 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.43%. Tailored Brands’s dividend payout ratio is -3.29%.
Several institutional investors have recently modified their holdings of TLRD. FineMark National Bank & Trust increased its position in shares of Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock worth $114,000 after buying an additional 8,468 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Tailored Brands during the second quarter valued at approximately $120,000. Bank of Montreal Can purchased a new stake in shares of Tailored Brands during the second quarter valued at approximately $122,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Tailored Brands during the second quarter valued at approximately $129,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Tailored Brands during the third quarter valued at approximately $142,000.
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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