Zacks Investment Research Upgrades Tailored Brands (TLRD) to “Buy”
Tailored Brands (NYSE:TLRD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $20.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 18.62% from the company’s current price.
According to Zacks, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. “
Several other analysts have also commented on TLRD. BidaskClub raised Tailored Brands from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reissued a “buy” rating and set a $16.00 target price on shares of Tailored Brands in a research note on Thursday, September 21st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $13.00 target price (up previously from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Tailored Brands has a consensus rating of “Buy” and a consensus target price of $17.71.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.26. Tailored Brands had a negative return on equity of 108.13% and a net margin of 1.79%. The business had revenue of $851.00 million for the quarter, compared to the consensus estimate of $868.22 million. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. sell-side analysts expect that Tailored Brands will post 1.82 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System grew its stake in shares of Tailored Brands by 8.1% in the first quarter. California Public Employees Retirement System now owns 107,500 shares of the company’s stock valued at $1,606,000 after buying an additional 8,100 shares in the last quarter. BlackRock Inc. grew its holdings in Tailored Brands by 45,196.0% during the 1st quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock valued at $87,319,000 after buying an additional 5,831,636 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Tailored Brands by 32.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 290,441 shares of the company’s stock worth $4,340,000 after purchasing an additional 71,257 shares during the period. State Street Corp lifted its stake in shares of Tailored Brands by 7.3% during the 1st quarter. State Street Corp now owns 1,435,459 shares of the company’s stock worth $21,441,000 after purchasing an additional 98,069 shares during the period. Finally, Credit Suisse AG lifted its stake in shares of Tailored Brands by 21.5% during the 1st quarter. Credit Suisse AG now owns 108,481 shares of the company’s stock worth $1,621,000 after purchasing an additional 19,196 shares during the period.
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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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