Tailored Brands (NYSE:TLRD) posted its quarterly earnings data on Wednesday. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08, Briefing.com reports. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The company had revenue of $789.50 million during the quarter, compared to analyst estimates of $788.98 million. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Tailored Brands updated its Q3 2019 guidance to $0.40-0.45 EPS and its Q3 guidance to $0.40-0.45 EPS.
Shares of TLRD opened at $7.17 on Thursday. Tailored Brands has a one year low of $4.21 and a one year high of $28.78. The company has a 50-day moving average of $5.07 and a two-hundred day moving average of $6.93. The stock has a market cap of $312.71 million, a price-to-earnings ratio of 3.10 and a beta of 1.83. The company has a debt-to-equity ratio of 317.61, a current ratio of 1.39 and a quick ratio of 0.22.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.04%. The ex-dividend date is Monday, September 16th. Tailored Brands’s payout ratio is 31.17%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Wedbush Securities Inc. acquired a new stake in shares of Tailored Brands during the second quarter worth approximately $75,000. Cito Capital Group LLC acquired a new stake in shares of Tailored Brands during the first quarter worth approximately $141,000. Nisa Investment Advisors LLC raised its position in Tailored Brands by 126.4% during the second quarter. Nisa Investment Advisors LLC now owns 136,860 shares of the company’s stock valued at $790,000 after acquiring an additional 76,400 shares in the last quarter. Advantage Investment Management LLC bought a new position in Tailored Brands during the second quarter valued at approximately $202,000. Finally, Quinn Opportunity Partners LLC raised its position in Tailored Brands by 98.5% during the second quarter. Quinn Opportunity Partners LLC now owns 135,000 shares of the company’s stock valued at $779,000 after acquiring an additional 67,000 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.
Several equities analysts have recently weighed in on TLRD shares. B. Riley reduced their price objective on shares of Tailored Brands from $7.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, June 13th. Zacks Investment Research cut shares of Tailored Brands from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $17.00.
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.
Recommended Story: Sell-Side Analysts
Receive News & Ratings for Tailored Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands and related companies with MarketBeat.com's FREE daily email newsletter.