Tailored Brands Inc (TLRD) Receives Average Rating of “Hold” from Analysts
Shares of Tailored Brands Inc (NASDAQ:TLRD) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.57.
A number of analysts have issued reports on TLRD shares. Wunderlich set a $24.00 target price on Tailored Brands and gave the stock a “buy” rating in a research report on Thursday, June 8th. Zacks Investment Research raised Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, May 16th. Johnson Rice raised Tailored Brands from an “accumulate” rating to a “buy” rating in a research report on Thursday, May 4th. ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th.
Tailored Brands (TLRD) traded down 3.6421% on Tuesday, hitting $10.8499. The company’s stock had a trading volume of 238,527 shares. The stock has a market cap of $532.17 million and a PE ratio of 21.0269. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.76. The firm has a 50 day moving average of $11.55 and a 200-day moving average of $14.25.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Friday, June 9th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. The business had revenue of $782.90 million for the quarter, compared to the consensus estimate of $793.27 million. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. On average, analysts expect that Tailored Brands will post $1.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Monday, September 11th.
In related news, CFO Jack Calandra purchased 10,000 shares of Tailored Brands stock in a transaction dated Wednesday, June 21st. The stock was bought at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the chief financial officer now owns 31,026 shares in the company, valued at $294,747. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $10.86, for a total value of $34,752.00. Following the completion of the transaction, the director now owns 22,757 shares of the company’s stock, valued at $247,141.02. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of 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 period. Vanguard Group Inc. boosted its position in shares of Tailored Brands by 55.6% in the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock valued at $135,834,000 after buying an additional 3,248,995 shares during the period. Park West Asset Management LLC boosted its position in shares of Tailored Brands by 139.5% in the first quarter. Park West Asset Management LLC now owns 1,995,876 shares of the company’s stock valued at $29,818,000 after buying an additional 1,162,401 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Tailored Brands by 102.6% in the second quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock valued at $13,004,000 after buying an additional 590,036 shares during the period. Finally, UBS Group AG boosted its position in shares of Tailored Brands by 57.7% in the first quarter. UBS Group AG now owns 1,481,518 shares of the company’s stock valued at $22,133,000 after buying an additional 542,031 shares during the period.
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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