Tailored Brands (TLRD) Releases FY18 Earnings Guidance
Tailored Brands (NYSE:TLRD) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.03-2.08 for the period, compared to the Thomson Reuters consensus estimate of $1.84.
A number of research firms have weighed in on TLRD. BidaskClub cut shares of Tailored Brands from a buy rating to a hold rating in a research report on Thursday, October 12th. Jefferies Group reiterated a hold rating and set a $13.00 price objective (up previously from $12.00) on shares of Tailored Brands in a research report on Friday, September 8th. FBR & Co reiterated a buy rating and set a $16.00 price objective on shares of Tailored Brands in a research report on Thursday, September 21st. ValuEngine cut shares of Tailored Brands from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, B. Riley reiterated a buy rating on shares of Tailored Brands in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $17.71.
Shares of Tailored Brands (TLRD) traded down $0.53 on Wednesday, hitting $16.91. 1,275,000 shares of the stock were exchanged, compared to its average volume of 1,523,244. The stock has a market capitalization of $857.97, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.58 and a beta of 1.90. Tailored Brands has a 1 year low of $9.40 and a 1 year high of $28.76. The company has a debt-to-equity ratio of -32.83, a current ratio of 2.74 and a quick ratio of 0.56.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, December 11th. Tailored Brands’s dividend payout ratio is currently 60.50%.
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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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