Tailored Brands, Inc. (TLRD) Shares Gap Up to $16.11
Tailored Brands, Inc. (NYSE:TLRD)’s share price gapped up prior to trading on Friday . The stock had previously closed at $15.61, but opened at $16.11. Tailored Brands shares last traded at $16.56, with a volume of 2134041 shares traded.
A number of equities analysts have recently issued reports on TLRD shares. FBR & Co reissued a “buy” rating and issued a $16.00 target price on shares of Tailored Brands in a report on Tuesday, September 5th. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Tailored Brands from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research cut Tailored Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $13.00 target price (up from $12.00) on shares of Tailored Brands in a report on Friday, September 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Tailored Brands has a consensus rating of “Buy” and a consensus target price of $16.86.
The firm has a market cap of $814.67, a P/E ratio of 8.72, a P/E/G ratio of 0.55 and a beta of 1.87. The company has a debt-to-equity ratio of -32.83, a current ratio of 2.74 and a quick ratio of 0.56.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.26. Tailored Brands had a negative return on equity of 108.13% and a net margin of 1.79%. The firm had revenue of $851.00 million for the quarter, compared to the consensus estimate of $868.22 million. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. research analysts forecast that Tailored Brands, Inc. will post 1.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, December 11th. Tailored Brands’s dividend payout ratio is 60.50%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TLRD. Leucadia National Corp bought a new position in shares of Tailored Brands in the 2nd quarter valued at about $181,000. Vanguard Group Inc. grew its holdings in shares of Tailored Brands by 55.6% in the 1st quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock valued at $135,834,000 after acquiring an additional 3,248,995 shares in the last quarter. Boston Partners grew its holdings in shares of Tailored Brands by 1.8% in the 2nd quarter. Boston Partners now owns 2,260,055 shares of the company’s stock valued at $25,222,000 after acquiring an additional 39,733 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Tailored Brands in the 2nd quarter valued at about $4,206,000. Finally, IPG Investment Advisors LLC grew its holdings in shares of Tailored Brands by 17.6% in the 2nd quarter. IPG Investment Advisors LLC now owns 1,380,318 shares of the company’s stock valued at $15,404,000 after acquiring an additional 206,780 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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