Tailored Brands Inc (TLRD) Given Consensus Recommendation of “Hold” by Analysts
Shares of Tailored Brands Inc (NASDAQ:TLRD) have earned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.33.
Several brokerages have recently commented on TLRD. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research report on Friday. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet upgraded Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, FBR & Co reiterated a “buy” rating and set a $16.00 price objective on shares of Tailored Brands in a research report on Tuesday.
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In other Tailored Brands news, CFO Jack Calandra acquired 10,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the acquisition, the chief financial officer now owns 31,026 shares in the company, valued at approximately $294,747. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the director now owns 22,757 shares of the company’s stock, valued at approximately $247,141.02. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its stake in shares of Tailored Brands by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock valued at $108,000 after purchasing an additional 4,303 shares during the period. Financial Engines Advisors L.L.C. lifted its stake in shares of Tailored Brands by 192,760.0% in the 2nd quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock valued at $108,000 after purchasing an additional 9,638 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at approximately $118,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Tailored Brands by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock valued at $129,000 after purchasing an additional 450 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Tailored Brands by 19.3% in the 2nd quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after purchasing an additional 2,053 shares during the period.
Shares of Tailored Brands (TLRD) traded down 7.37% during mid-day trading on Friday, hitting $12.19. The stock had a trading volume of 6,683,594 shares. The stock has a market cap of $597.90 million and a P/E ratio of 23.62. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.76. The firm has a 50 day moving average price of $11.88 and a 200-day moving average price of $13.05.
Tailored Brands (NASDAQ:TLRD) last announced its earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.26. The business had revenue of $851 million during the quarter, compared to the consensus estimate of $868.22 million. Tailored Brands’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. On average, equities research analysts forecast that Tailored Brands will post $1.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.91%. The ex-dividend date is Monday, September 11th.
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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