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 Wednesday. The brokerage currently has a $26.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 13.24% from the company’s previous close.
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. “
Separately, ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.67.
In related news, Director William B. Sechrest sold 1,286 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total transaction of $29,809.48. Following the completion of the sale, the director now owns 39,098 shares in the company, valued at approximately $906,291.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in TLRD. PEAK6 Investments L.P. bought a new stake in Tailored Brands during the 3rd quarter valued at approximately $199,000. Crossmark Global Holdings Inc. bought a new stake in Tailored Brands during the 4th quarter valued at approximately $205,000. Municipal Employees Retirement System of Michigan boosted its stake in Tailored Brands by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,400 shares of the company’s stock valued at $266,000 after purchasing an additional 6,810 shares during the period. MANA Advisors LLC bought a new stake in Tailored Brands during the 4th quarter valued at approximately $266,000. Finally, Two Sigma Advisers LP bought a new stake in Tailored Brands during the 4th quarter valued at approximately $269,000.
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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.
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