Tailored Brands Inc (TLRD) Posts Earnings Results, Beats Estimates By $0.26 EPS
Tailored Brands Inc (NASDAQ:TLRD) released its earnings results on Thursday. The company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.26, Morningstar.com reports. The firm had revenue of $851 million during the quarter, compared to analysts’ expectations of $868.22 million. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. Tailored Brands updated its FY18 guidance to $1.65-1.85 EPS.
Tailored Brands (NASDAQ:TLRD) opened at 13.16 on Friday. Tailored Brands has a 52 week low of $9.40 and a 52 week high of $28.76. The stock has a market cap of $645.47 million and a PE ratio of 25.50. The firm’s 50-day moving average price is $11.87 and its 200-day moving average price is $13.06.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Monday, September 11th.
In related news, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now owns 22,757 shares of the company’s stock, valued at $247,141.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jack Calandra acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the purchase, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The disclosure for this purchase can be found here.
A number of institutional investors have recently bought and sold shares of TLRD. Bank of Montreal Can lifted its holdings in Tailored Brands by 4.5% during the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock worth $153,000 after buying an additional 442 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Tailored Brands by 1.5% during the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the company’s stock worth $297,000 after buying an additional 300 shares during the period. Nationwide Fund Advisors lifted its holdings in Tailored Brands by 85.6% during the first quarter. Nationwide Fund Advisors now owns 214,761 shares of the company’s stock worth $3,209,000 after buying an additional 99,032 shares during the period. Acadian Asset Management LLC lifted its holdings in Tailored Brands by 126.0% during the first quarter. Acadian Asset Management LLC now owns 176,690 shares of the company’s stock worth $2,639,000 after buying an additional 98,509 shares during the period. Finally, First Mercantile Trust Co. lifted its holdings in Tailored Brands by 56.0% during the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock worth $151,000 after buying an additional 3,626 shares during the period.
TLRD has been the subject of a number of research analyst reports. FBR & Co restated a “buy” rating and issued a $16.00 target price on shares of Tailored Brands in a research note on Tuesday. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, May 16th. Jefferies Group LLC restated a “hold” rating and issued a $14.00 target price on shares of Tailored Brands in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG raised their target price on Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Monday, May 15th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.00.
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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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