Tailored Brands (NYSE:TLRD) had its price objective reduced by equities researchers at B. Riley from $7.00 to $10.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price objective would suggest a potential upside of 84.50% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of Tailored Brands from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.67.
Shares of Tailored Brands stock traded down $0.12 during trading on Thursday, reaching $5.42. 9,279,342 shares of the stock traded hands, compared to its average volume of 2,102,488. The firm has a market cap of $273.23 million, a price-to-earnings ratio of 2.35 and a beta of 1.92. The company has a quick ratio of 0.37, a current ratio of 1.91 and a debt-to-equity ratio of 317.61. Tailored Brands has a 52-week low of $5.05 and a 52-week high of $28.78.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.06. The firm had revenue of $781.40 million during the quarter, compared to analyst estimates of $776.22 million. Tailored Brands had a negative return on equity of 1,944.45% and a net margin of 2.57%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. On average, equities analysts expect that Tailored Brands will post 1.89 EPS for the current fiscal year.
In other Tailored Brands news, insider Carrie Ann Ask acquired 13,500 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of $7.41 per share, with a total value of $100,035.00. Following the purchase, the insider now owns 20,962 shares in the company, valued at $155,328.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian T. Vaclavik acquired 4,250 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $8.16 per share, with a total value of $34,680.00. Following 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 owned by insiders.
Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Tailored Brands in the fourth quarter valued at about $9,134,000. IPG Investment Advisors LLC bought a new position in Tailored Brands in the first quarter worth $4,935,000. AQR Capital Management LLC lifted its position in Tailored Brands by 117.0% in the first quarter. AQR Capital Management LLC now owns 690,727 shares of the company’s stock worth $5,415,000 after purchasing an additional 372,459 shares during the period. Moon Capital Management LP lifted its position in Tailored Brands by 123.9% in the fourth quarter. Moon Capital Management LP now owns 547,875 shares of the company’s stock worth $7,473,000 after purchasing an additional 303,209 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Tailored Brands by 52.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 749,904 shares of the company’s stock worth $5,880,000 after purchasing an additional 256,841 shares during the period. 99.99% of the stock is owned by institutional investors and hedge funds.
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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