Tailored Brands Inc. (TLRD) Upgraded to “Buy” at Zacks Investment Research
Tailored Brands Inc. (NYSE:TLRD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a $18.00 price target on the stock. Zacks Investment Research’s price target indicates 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. “
TLRD has been the subject of several other reports. Wunderlich assumed coverage on Tailored Brands in a report on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price objective for the company. Mizuho lifted 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 price objective (up from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Johnson Rice raised Tailored Brands from a “hold” rating to an “accumulate” rating in a report on Thursday, September 1st. Finally, Deutsche Bank AG reduced their price objective on Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.
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Shares of Tailored Brands (NYSE:TLRD) traded down 1.78% during trading on Tuesday, hitting $15.97. 367,386 shares of the stock traded hands. The firm’s market cap is $777.64 million. The stock has a 50 day moving average of $15.33 and a 200 day moving average of $14.79. Tailored Brands has a 52-week low of $9.95 and a 52-week high of $44.68.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The firm earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. Tailored Brands’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Analysts expect 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. Investors of record on Tuesday, December 13th will be paid a $0.18 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.72 annualized dividend and a yield of 4.43%. Tailored Brands’s payout ratio is currently -3.29%.
A number of institutional investors have recently added to or reduced their stakes in TLRD. BlackRock Fund Advisors acquired a new position in Tailored Brands during the first quarter valued at approximately $55,626,000. JPMorgan Chase & Co. acquired a new position in Tailored Brands during the first quarter valued at approximately $9,796,000. Bogle Investment Management L P DE acquired a new position in Tailored Brands during the first quarter valued at approximately $6,849,000. BNP Paribas Arbitrage SA raised its position in Tailored Brands by 47.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,907 shares of the company’s stock valued at $353,000 after buying an additional 8,952 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in Tailored Brands during the first quarter valued at approximately $4,515,000.
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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