Analysts forecast that Tailored Brands Inc (NYSE:TLRD) will report $829.09 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Tailored Brands’ earnings, with estimates ranging from $818.00 million to $840.17 million. Tailored Brands reported sales of $810.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, December 12th.
On average, analysts expect that Tailored Brands will report full year sales of $3.30 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report sales of $3.36 billion, with estimates ranging from $3.34 billion to $3.38 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Tailored Brands.
Tailored Brands (NYSE:TLRD) last announced its earnings results on Wednesday, September 12th. The company reported $1.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. Tailored Brands had a negative return on equity of 933.71% and a net margin of 3.01%. The business had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $828.36 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis.
Several research analysts recently weighed in on the company. Zacks Investment Research cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine lowered Tailored Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Deutsche Bank decreased their price target on Tailored Brands from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, August 20th.
Shares of TLRD stock opened at $23.01 on Friday. Tailored Brands has a fifty-two week low of $14.91 and a fifty-two week high of $35.94. The stock has a market cap of $1.16 billion, a P/E ratio of 10.46, a PEG ratio of 0.58 and a beta of 1.69. The company has a quick ratio of 0.46, a current ratio of 2.12 and a debt-to-equity ratio of 120,737.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be given a $0.18 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.13%. Tailored Brands’s dividend payout ratio (DPR) is 32.73%.
In related news, Director David H. Edwab sold 15,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $25.54, for a total value of $383,100.00. Following the completion of the transaction, the director now owns 36,217 shares in the company, valued at approximately $924,982.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Tailored Brands by 4.0% in the 3rd quarter. BlackRock Inc. now owns 7,091,172 shares of the company’s stock worth $178,627,000 after acquiring an additional 272,190 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Tailored Brands by 27.1% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,998,857 shares of the company’s stock worth $50,351,000 after acquiring an additional 426,214 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in Tailored Brands by 24.2% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,319,369 shares of the company’s stock worth $33,234,000 after acquiring an additional 256,903 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Tailored Brands by 15.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,833 shares of the company’s stock worth $28,299,000 after acquiring an additional 148,217 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Tailored Brands by 4.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 946,750 shares of the company’s stock worth $23,848,000 after acquiring an additional 44,112 shares in the last quarter. Institutional investors and hedge funds own 99.93% of the company’s stock.
About Tailored Brands
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
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