Wall Street brokerages expect that Tailored Brands Inc (NASDAQ:TLRD) will report $822.39 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Tailored Brands’ earnings. The lowest sales estimate is $819.77 million and the highest is $825.00 million. Tailored Brands reported sales of $846.93 million in the same quarter last year, which indicates a negative year over year growth rate of 2.9%. The business is expected to report its next earnings report on Wednesday, December 6th.

According to Zacks, analysts expect that Tailored Brands will report full year sales of $822.39 million for the current year, with estimates ranging from $3.26 billion to $3.30 billion. For the next financial year, analysts forecast that the business will post sales of $3.28 billion per share, with estimates ranging from $3.26 billion to $3.30 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Tailored Brands.

Tailored Brands (NASDAQ:TLRD) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.11. The company had revenue of $851 million during the quarter, compared to the consensus estimate of $868.22 million. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share.

TLRD has been the subject of a number of research analyst reports. 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 report on Tuesday, May 16th. Deutsche Bank AG lifted their target price on Tailored Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Monday, May 15th. ValuEngine upgraded Tailored Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 17th. FBR & Co reiterated an “outperform” rating and issued a $16.00 target price on shares of Tailored Brands in a report on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 target price on shares of Tailored Brands in a report on Monday, May 15th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.00.

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Shares of 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 50 day moving average price of $11.87 and a 200-day moving average price of $13.06. The company has a market capitalization of $645.47 million and a PE ratio of 25.50.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.72 annualized dividend and a dividend yield of 5.47%.

In other news, Director Dinesh S. Lathi sold 3,200 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 22,757 shares in the company, valued at $247,141.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jack Calandra acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were purchased 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 owns 31,026 shares of the company’s stock, valued at $294,747. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in shares of Tailored Brands by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock valued at $108,000 after acquiring an additional 4,303 shares in the last quarter. Financial Engines Advisors L.L.C. increased its holdings in shares of Tailored Brands by 192,760.0% during the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock valued at $108,000 after acquiring an additional 9,638 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Tailored Brands during the second quarter valued at approximately $118,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of Tailored Brands by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock valued at $129,000 after acquiring an additional 450 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Tailored Brands by 19.3% during the second quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after acquiring an additional 2,053 shares in the last quarter.

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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Earnings History and Estimates for Tailored Brands (NASDAQ:TLRD)

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