FY2018 Earnings Estimate for Tailored Brands Inc (TLRD) Issued By Jefferies Group
Tailored Brands Inc (NYSE:TLRD) – Equities researchers at Jefferies Group increased their FY2018 earnings per share estimates for shares of Tailored Brands in a research report issued on Thursday. Jefferies Group analyst R. Konik now anticipates that the company will post earnings per share of $2.08 for the year, up from their prior estimate of $1.83. Jefferies Group currently has a “Hold” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for Tailored Brands’ Q1 2019 earnings at $0.29 EPS and FY2019 earnings at $2.15 EPS.
Several other research analysts have also weighed in on TLRD. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. FBR & Co reiterated a “buy” rating and set a $16.00 target price on shares of Tailored Brands in a report on Tuesday, September 5th. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Tuesday, September 12th. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, B. Riley reiterated a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.71.
Tailored Brands (NYSE TLRD) traded up $2.32 during mid-day trading on Friday, reaching $19.51. The company’s stock had a trading volume of 7,362,400 shares, compared to its average volume of 1,551,054. The company has a current ratio of 2.74, a quick ratio of 0.56 and a debt-to-equity ratio of -32.83. The company has a market capitalization of $845.67, a price-to-earnings ratio of 8.73, a PEG ratio of 0.57 and a beta of 1.90. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.21. The firm had revenue of $810.80 million for the quarter, compared to analyst estimates of $807.51 million. Tailored Brands had a negative return on equity of 108.63% and a net margin of 2.07%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.69%. Tailored Brands’s dividend payout ratio (DPR) is 52.94%.
Institutional investors have recently modified their holdings of the company. Leucadia National Corp bought a new stake in Tailored Brands during the second quarter worth about $181,000. Boston Partners raised its holdings in Tailored Brands by 1.8% during the second quarter. Boston Partners now owns 2,260,055 shares of the company’s stock worth $25,222,000 after acquiring an additional 39,733 shares in the last quarter. Trexquant Investment LP raised its holdings in Tailored Brands by 433.9% during the third quarter. Trexquant Investment LP now owns 98,095 shares of the company’s stock worth $1,416,000 after acquiring an additional 79,723 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in Tailored Brands during the second quarter worth about $4,206,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in Tailored Brands by 22.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 38,483 shares of the company’s stock worth $556,000 after acquiring an additional 6,982 shares in the last quarter.
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About Tailored Brands
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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