Tailored Brands Inc (TLRD) Receives Average Recommendation of “Buy” from Brokerages
Tailored Brands Inc (NASDAQ:TLRD) has been given an average rating of “Buy” by the eleven research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $17.33.
Several brokerages have recently weighed in on TLRD. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. FBR & Co restated a “buy” rating and issued a $16.00 price objective on shares of Tailored Brands in a research report on Thursday, September 21st. Zacks Investment Research cut shares of Tailored Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price objective (up previously from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Tailored Brands in the second quarter valued at approximately $288,000. Schneider Capital Management Corp grew its stake in Tailored Brands by 18.1% in the 2nd quarter. Schneider Capital Management Corp now owns 248,085 shares of the company’s stock worth $2,769,000 after buying an additional 38,085 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Tailored Brands in the 2nd quarter worth approximately $118,000. The Manufacturers Life Insurance Company grew its stake in Tailored Brands by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,160 shares of the company’s stock worth $437,000 after buying an additional 1,249 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Tailored Brands by 165.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,428 shares of the company’s stock worth $362,000 after buying an additional 20,196 shares in the last quarter.
Shares of Tailored Brands (NASDAQ:TLRD) traded up 0.77% on Wednesday, reaching $14.46. 55,436 shares of the company’s stock traded hands. The firm has a market cap of $711.36 million and a P/E ratio of 12.10. Tailored Brands has a one year low of $9.40 and a one year high of $28.76. The company’s 50-day moving average price is $12.71 and its 200 day moving average price is $12.17.
Tailored Brands (NASDAQ:TLRD) last issued its earnings results on Thursday, September 7th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.88 by $0.26. The company had revenue of $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. During the same quarter in the prior year, the business earned $0.99 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts forecast that Tailored Brands will post $1.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Monday, December 11th.
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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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