Zacks Investment Research Downgrades Tailored Brands (TLRD) to Hold

Tailored Brands (NYSE:TLRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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. “

TLRD has been the subject of a number of other reports. BidaskClub cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. B. Riley reiterated a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. Finally, ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.71.

Tailored Brands (NYSE TLRD) traded up $0.25 during midday trading on Wednesday, hitting $22.65. The stock had a trading volume of 246,076 shares, compared to its average volume of 1,191,478. The company has a market cap of $1,092.70, a P/E ratio of 16.64, a P/E/G ratio of 0.61 and a beta of 1.99. The company has a current ratio of 2.48, a quick ratio of 0.52 and a debt-to-equity ratio of -97.85. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $26.03.

Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.21. The firm had revenue of $810.80 million for the quarter, compared to the consensus estimate of $807.51 million. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. research analysts expect that Tailored Brands will post 2.09 EPS for the current fiscal year.

In other Tailored Brands news, Director William B. Sechrest sold 1,286 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total value of $29,809.48. Following the sale, the director now directly owns 39,098 shares of the company’s stock, valued at $906,291.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in Tailored Brands by 17.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 341,759 shares of the company’s stock worth $3,815,000 after purchasing an additional 51,318 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Tailored Brands by 1.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 132,571 shares of the company’s stock worth $1,479,000 after buying an additional 1,892 shares during the period. Nationwide Fund Advisors increased its holdings in Tailored Brands by 1.7% in the 2nd quarter. Nationwide Fund Advisors now owns 218,400 shares of the company’s stock valued at $2,437,000 after purchasing an additional 3,639 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Tailored Brands by 6.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 29,640 shares of the company’s stock valued at $331,000 after purchasing an additional 1,910 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Tailored Brands by 7.4% during the second quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock valued at $163,000 after acquiring an additional 1,000 shares in the last quarter.

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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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