Tailored Brands Inc. (TLRD) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Tailored Brands Inc. (NYSE:TLRD) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The firm currently has $18.00 price objective on the stock.
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 initiated coverage on Tailored Brands in a report on Tuesday, August 2nd. They issued a buy rating and a $20.00 price objective for the company. Mizuho lifted their target price on Tailored Brands from $14.00 to $17.00 and gave the company a neutral rating in a research note on Thursday, September 8th. Stifel Nicolaus reiterated a hold rating and issued a $18.00 target price (up previously from $14.00) on shares of Tailored Brands in a research note on Thursday, September 8th. Johnson Rice upgraded Tailored Brands from a hold rating to an accumulate rating in a research note on Thursday, September 1st. Finally, Deutsche Bank AG cut their target price on Tailored Brands from $23.00 to $22.00 and set a buy rating on the stock in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $18.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/tailored-brands-inc-tlrd-raised-to-buy-at-zacks-investment-research.html
Tailored Brands (NYSE:TLRD) opened at 16.07 on Tuesday. The firm’s 50-day moving average is $15.50 and its 200 day moving average is $14.82. The company’s market cap is $782.51 million. Tailored Brands has a 1-year low of $9.95 and a 1-year high of $42.64.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm earned $909 million during 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 firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. Analysts predict that Tailored Brands will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be given 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 yield of 4.48%. Tailored Brands’s dividend payout ratio is currently -3.29%.
A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in shares of Tailored Brands by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 51,800 shares of the company’s stock worth $813,000 after buying an additional 1,900 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Tailored Brands during the third quarter worth approximately $292,000. Creative Planning raised its stake in shares of Tailored Brands by 2,088.5% in the third quarter. Creative Planning now owns 26,721 shares of the company’s stock worth $420,000 after buying an additional 25,500 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Tailored Brands during the third quarter worth approximately $142,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Tailored Brands during the second quarter worth approximately $120,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tailored Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.