Tailored Brands Inc (NASDAQ:TLRD)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $13.00 price target on the stock, up from their previous price target of $12.00. Jefferies Group LLC’s target price suggests a potential upside of 6.64% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. FBR & Co reaffirmed a “buy” rating and issued a $16.00 target price on shares of Tailored Brands in a research report on Tuesday. Wunderlich set a $24.00 price target on Tailored Brands and gave the stock 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 price target for the company in a research note on Tuesday, May 16th. ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.88.

Tailored Brands (TLRD) traded down 7.37% during trading on Friday, reaching $12.19. 6,683,594 shares of the company were exchanged. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76. The firm’s 50 day moving average is $11.88 and its 200 day moving average is $13.05. The stock has a market capitalization of $597.90 million and a PE ratio of 23.62.

Tailored Brands (NASDAQ:TLRD) last issued its earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.26. The company had revenue of $851 million during the quarter, compared to analyst estimates of $868.22 million. During the same period in the prior year, the business earned $0.99 earnings per share. Tailored Brands’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts expect that Tailored Brands will post $1.78 EPS for the current year.

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In related news, Director Dinesh S. Lathi sold 3,200 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $10.86, for a total transaction of $34,752.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jack Calandra bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average cost of $9.50 per share, with a total value of $95,000.00. Following the purchase, the chief financial officer now directly owns 31,026 shares of the company’s stock, valued at $294,747. The disclosure for this purchase can be found here.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Tailored Brands by 55.6% during the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock valued at $135,834,000 after buying an additional 3,248,995 shares in the last quarter. Leucadia National Corp bought a new position in Tailored Brands during the second quarter valued at about $181,000. Boston Partners boosted its stake in Tailored Brands by 1.8% during the second quarter. Boston Partners now owns 2,260,055 shares of the company’s stock valued at $25,222,000 after buying an additional 39,733 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Tailored Brands by 115.1% during the first quarter. OppenheimerFunds Inc. now owns 169,595 shares of the company’s stock valued at $2,533,000 after buying an additional 90,758 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Tailored Brands by 7.1% during the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock valued at $170,000 after buying an additional 757 shares in the last quarter.

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.

Analyst Recommendations for Tailored Brands (NASDAQ:TLRD)

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