Tailored Brands Inc (NASDAQ:TLRD) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other equities analysts also recently commented on TLRD. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. FBR & Co restated an “outperform” rating and issued a $16.00 price objective on shares of Tailored Brands in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tailored Brands presently has an average rating of “Hold” and an average price target of $16.86.

Shares of Tailored Brands (TLRD) traded up 1.20% during trading on Thursday, reaching $13.47. The company’s stock had a trading volume of 794,343 shares. Tailored Brands has a 12-month low of $9.40 and a 12-month high of $28.76. The company has a 50 day moving average of $13.43 and a 200 day moving average of $12.15. The company has a market cap of $662.66 million and a PE ratio of 11.32.

Tailored Brands (NASDAQ:TLRD) last announced its quarterly earnings data on Thursday, September 7th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.26. The business had revenue of $851.00 million during the quarter, compared to analysts’ expectations of $868.22 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Tailored Brands’s revenue was down 6.5% on a year-over-year basis. On average, analysts anticipate that Tailored Brands will post $1.83 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of TLRD. Russell Investments Group Ltd. lifted its position in shares of Tailored Brands by 136.2% in the first quarter. Russell Investments Group Ltd. now owns 31,618 shares of the company’s stock worth $472,000 after buying an additional 18,231 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Tailored Brands by 21.9% in the first quarter. Wells Fargo & Company MN now owns 197,817 shares of the company’s stock worth $2,956,000 after buying an additional 35,578 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Tailored Brands by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 67,689 shares of the company’s stock worth $1,011,000 after buying an additional 5,238 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Tailored Brands by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 833,495 shares of the company’s stock worth $12,452,000 after buying an additional 52,963 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Tailored Brands by 3.8% in the first quarter. Comerica Bank now owns 53,827 shares of the company’s stock worth $691,000 after buying an additional 1,985 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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