Tailored Brands Inc (NYSE:TLRD) – B. Riley reduced their FY2020 earnings per share estimates for Tailored Brands in a research note issued on Thursday, June 13th. B. Riley analyst S. Anderson now expects that the company will post earnings of $1.69 per share for the year, down from their prior forecast of $1.90. B. Riley currently has a “Neutral” rating and a $10.00 price target on the stock.
Separately, Zacks Investment Research downgraded Tailored Brands from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Tailored Brands currently has an average rating of “Hold” and a consensus target price of $19.67.
TLRD opened at $5.42 on Friday. The company has a market capitalization of $278.00 million, a price-to-earnings ratio of 2.35 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 $5.05 and a 1-year high of $28.78.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. Tailored Brands had a return on equity of 2,343.71% and a net margin of 2.39%. The company had revenue of $781.40 million for the quarter, compared to analysts’ expectations of $776.22 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 13.28%. The ex-dividend date is Monday, June 17th. Tailored Brands’s payout ratio is 31.17%.
In other Tailored Brands news, insider Carrie Ann Ask purchased 13,500 shares of the stock in a transaction dated Friday, April 12th. The shares were bought at an average cost of $7.41 per share, with a total value of $100,035.00. Following the completion of the transaction, the insider now owns 20,962 shares in the company, valued at approximately $155,328.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian T. Vaclavik purchased 4,250 shares of the stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $8.16 per share, for a total transaction of $34,680.00. Following the completion of the transaction, the chief accounting officer now owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in Tailored Brands by 86.0% during the first quarter. Advisor Group Inc. now owns 4,153 shares of the company’s stock worth $33,000 after purchasing an additional 1,920 shares during the period. Meridian Wealth Management LLC bought a new position in Tailored Brands during the first quarter worth about $33,000. NumerixS Investment Technologies Inc bought a new position in Tailored Brands during the first quarter worth about $40,000. Investors Research Corp bought a new position in Tailored Brands during the first quarter worth about $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tailored Brands by 49.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,637 shares of the company’s stock worth $50,000 after purchasing an additional 1,206 shares during the period. Institutional investors and hedge funds own 99.99% of the company’s stock.
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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