Tailored Brands (NYSE:TLRD) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.65-$0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. Tailored Brands also updated its Q2 2019 guidance to $0.65-0.70 EPS.
A number of equities analysts have commented on TLRD shares. Zacks Investment Research lowered shares of Tailored Brands from a hold rating to a sell rating in a research report on Thursday, February 21st. B. Riley downgraded shares of Tailored Brands from a buy rating to a neutral rating and dropped their price target for the stock from $20.00 to $11.00 in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $19.67.
NYSE TLRD traded down $0.36 on Wednesday, hitting $5.54. 3,370,190 shares of the stock were exchanged, compared to its average volume of 2,037,467. The company has a current ratio of 1.91, a quick ratio of 0.37 and a debt-to-equity ratio of 317.61. Tailored Brands has a 52 week low of $5.13 and a 52 week high of $34.94. The firm has a market capitalization of $279.01 million, a P/E ratio of 2.40 and a beta of 1.93.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The firm had revenue of $785.76 million during the quarter, compared to analyst estimates of $801.24 million. The business’s revenue was down 8.6% on a year-over-year basis. On average, research analysts anticipate that Tailored Brands will post 1.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 13.00%. The ex-dividend date of this dividend is Monday, June 17th. Tailored Brands’s dividend payout ratio is 31.17%.
In other news, insider Carrie Ann Ask acquired 13,500 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $7.41 per share, with a total value of $100,035.00. Following the completion of the acquisition, the insider now owns 20,962 shares of the company’s stock, valued at $155,328.42. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian T. Vaclavik acquired 4,250 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $8.16 per share, for a total transaction of $34,680.00. Following the completion of the acquisition, the chief accounting officer now directly owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
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Tailored Brands Company Profile
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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