Tailored Brands Inc. (TLRD) Upgraded to Buy 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 firm currently has a $18.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 10.70% from the stock’s current price.
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. “
A number of other research analysts have also recently issued reports on the stock. Wunderlich started coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $20.00 target price for the company. Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research note on Thursday, September 1st. Deutsche Bank AG cut their target price on shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price objective (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Finally, Mizuho boosted their price objective on shares of Tailored Brands from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.00.
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Tailored Brands (NYSE:TLRD) traded down 1.78% during midday trading on Tuesday, reaching $15.97. The company’s stock had a trading volume of 367,386 shares. The firm’s market capitalization is $777.64 million. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $44.68. The stock’s 50-day moving average price is $15.33 and its 200-day moving average price is $14.79.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. Tailored Brands’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict 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. Shareholders of record on Tuesday, December 13th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, December 9th. Tailored Brands’s dividend payout ratio is presently -3.29%.
A number of hedge funds have recently added to or reduced their stakes in TLRD. FineMark National Bank & Trust raised its stake in 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 acquired a new stake in Tailored Brands during the second quarter worth approximately $120,000. Bank of Montreal Can acquired a new stake in Tailored Brands during the second quarter worth approximately $122,000. Quantitative Systematic Strategies LLC acquired a new stake in Tailored Brands during the second quarter worth approximately $129,000. Finally, First Mercantile Trust Co. acquired a new stake in Tailored Brands during the third quarter worth approximately $142,000.
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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