Tailored Brands Inc (TLRD) Expected to Announce Quarterly Sales of $806.19 Million
Analysts forecast that Tailored Brands Inc (NASDAQ:TLRD) will post sales of $806.19 million for the current quarter, according to Zacks. Three analysts have issued estimates for Tailored Brands’ earnings, with the lowest sales estimate coming in at $804.90 million and the highest estimate coming in at $808.66 million. Tailored Brands posted sales of $846.93 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, December 6th.
On average, analysts expect that Tailored Brands will report full-year sales of $806.19 million for the current year, with estimates ranging from $3.21 billion to $3.26 billion. For the next fiscal year, analysts expect that the business will post sales of $3.21 billion per share, with estimates ranging from $3.21 billion to $3.23 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Tailored Brands.
Tailored Brands (NASDAQ:TLRD) last released its earnings results on Thursday, September 7th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.26. The firm had revenue of $851.00 million for the quarter, compared to the consensus estimate of $868.22 million. During the same quarter in the previous year, the business posted $0.99 EPS. Tailored Brands’s revenue was down 6.5% on a year-over-year basis.
A number of research firms recently weighed in on TLRD. BidaskClub raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. ValuEngine raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reiterated a “buy” rating and set a $16.00 target price on shares of Tailored Brands in a research report on Thursday, September 21st. Zacks Investment Research downgraded Tailored Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $13.00 target price (up from $12.00) on shares of Tailored Brands in a research report on Friday, September 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $16.86.
Tailored Brands (TLRD) traded down $0.01 during mid-day trading on Friday, hitting $15.38. 895,451 shares of the company were exchanged, compared to its average volume of 1,100,000. Tailored Brands has a 1 year low of $9.40 and a 1 year high of $28.76.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.68%.
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Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Tailored Brands by 19.5% in the second quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock valued at $121,225,000 after buying an additional 1,770,480 shares during the last quarter. BlackRock Inc. boosted its position in Tailored Brands by 45,196.0% in the first quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock valued at $87,319,000 after buying an additional 5,831,636 shares during the last quarter. Capital World Investors boosted its position in Tailored Brands by 6.3% in the second quarter. Capital World Investors now owns 3,741,000 shares of the company’s stock valued at $41,750,000 after buying an additional 222,000 shares during the last quarter. Boston Partners boosted its position in Tailored Brands by 1.8% in the second quarter. Boston Partners now owns 2,260,055 shares of the company’s stock valued at $25,222,000 after buying an additional 39,733 shares during the last quarter. Finally, Morgan Stanley boosted its position in Tailored Brands by 9.3% in the first quarter. Morgan Stanley now owns 1,824,744 shares of the company’s stock valued at $27,261,000 after buying an additional 155,370 shares during the last quarter.
Tailored Brands Company Profile
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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