Tailored Brands Inc (TLRD) Issues FY18 Earnings Guidance
Tailored Brands Inc (NASDAQ:TLRD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.79.
Tailored Brands Inc (NASDAQ:TLRD) traded up 1.54% during trading on Thursday, hitting $13.16. 2,415,673 shares of the company traded hands. The stock has a 50 day moving average price of $11.83 and a 200 day moving average price of $13.06. Tailored Brands Inc has a 12-month low of $9.40 and a 12-month high of $28.76. The company has a market capitalization of $645.47 million and a P/E ratio of 25.50.
Tailored Brands (NASDAQ:TLRD) last announced its quarterly earnings data on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. The firm had revenue of $782.90 million during the quarter, compared to the consensus estimate of $793.27 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that Tailored Brands Inc will post $1.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Monday, September 11th.
A number of equities research analysts recently issued reports on TLRD shares. Wunderlich set a $24.00 price objective on Tailored Brands and gave the company a buy rating in a research note on Thursday, June 8th. Zacks Investment Research raised Tailored Brands from a hold rating to a buy rating and set a $13.00 target price for the company in a report on Tuesday, May 16th. ValuEngine raised Tailored Brands from a hold rating to a buy rating in a report on Wednesday, June 14th. FBR & Co reaffirmed a buy rating and set a $16.00 target price on shares of Tailored Brands in a report on Tuesday. Finally, TheStreet raised Tailored Brands from a d+ rating to a c- rating in a report on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tailored Brands currently has a consensus rating of Hold and a consensus target price of $17.00.
In related news, CFO Jack Calandra bought 10,000 shares of Tailored Brands stock in a transaction on Wednesday, June 21st. The stock was acquired at an average price of $9.50 per share, with a total value of $95,000.00. Following the acquisition, the chief financial officer now directly owns 31,026 shares of the company’s stock, valued at $294,747. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now directly owns 22,757 shares of the company’s stock, valued at approximately $247,141.02. The disclosure for this sale can be found here.
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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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