Tailored Brands (NYSE:TLRD) issued its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06, Fidelity Earnings reports. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The company had revenue of $781.40 million during the quarter, compared to analysts’ expectations of $776.22 million. During the same period last year, the company posted $0.50 EPS. Tailored Brands’s revenue was down 4.5% on a year-over-year basis. Tailored Brands updated its Q2 2019 guidance to $0.65-0.70 EPS and its Q2 guidance to $0.65-$0.70 EPS.
Shares of NYSE TLRD opened at $5.54 on Thursday. The stock has a market cap of $296.07 million, a P/E ratio of 2.40 and a beta of 1.92. The company has a debt-to-equity ratio of 317.61, a current ratio of 1.91 and a quick ratio of 0.37. Tailored Brands has a 1 year low of $5.13 and a 1 year high of $34.94.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a yield of 13.00%. Tailored Brands’s dividend payout ratio (DPR) is currently 31.17%.
In other news, insider Carrie Ann Ask acquired 13,500 shares of Tailored Brands stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $100,035.00. Following the purchase, the insider now owns 20,962 shares in the company, valued at $155,328.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brian T. Vaclavik acquired 4,250 shares of Tailored Brands stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $8.16 per share, with a total value of $34,680.00. Following the completion of the purchase, the chief accounting officer now owns 19,699 shares in the company, valued at approximately $160,743.84. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.
TLRD has been the subject of a number of recent research reports. B. Riley cut shares of Tailored Brands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $11.00 in a research report on Thursday, March 14th. Zacks Investment Research cut shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.67.
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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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