Tailored Brands Inc (TLRD) Rating Increased to Buy at BidaskClub
Tailored Brands Inc (NASDAQ:TLRD) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Tailored Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $13.00 price target (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. FBR & Co restated a “buy” rating and issued a $16.00 price target on shares of Tailored Brands in a research note on Tuesday, September 5th. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen and Company dropped their price target on Tailored Brands from $23.00 to $12.00 and set a “market perform” rating for the company in a research note on Friday, June 9th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.86.
Shares of Tailored Brands (NASDAQ:TLRD) traded up 8.99% during midday trading on Friday, reaching $14.55. 2,880,331 shares of the company were exchanged. The stock has a market capitalization of $715.79 million and a P/E ratio of 12.18. The company has a 50 day moving average price of $12.08 and a 200-day moving average price of $12.71. Tailored Brands has a 12-month low of $9.40 and a 12-month high of $28.76.
Tailored Brands (NASDAQ:TLRD) last posted its quarterly 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 business had revenue of $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. During the same quarter in the previous year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts forecast that Tailored Brands will post $1.83 earnings per share for the current fiscal year.
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In other news, CFO Jack Calandra bought 10,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction that occurred on 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 owns 22,757 shares of the company’s stock, valued at $247,141.02. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Tailored Brands by 80.0% during the 2nd 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 during the last quarter. Financial Engines Advisors L.L.C. boosted its position in shares of Tailored Brands by 192,760.0% during the 2nd 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 during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Tailored Brands during the 2nd quarter valued at approximately $118,000. Municipal Employees Retirement System of Michigan boosted its position in shares of Tailored Brands by 4.0% during the 2nd 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 during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Tailored Brands by 19.3% during the 2nd 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 during 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.
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