Tailored Brands Inc (TLRD) Upgraded by ValuEngine to Buy
Tailored Brands Inc (NASDAQ:TLRD) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.
TLRD has been the topic of several other research reports. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a report on Thursday. FBR & Co restated a “buy” rating and issued a $16.00 price target 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. Finally, Wunderlich set a $24.00 price objective on shares of Tailored Brands and gave the stock a “buy” rating in a research note on Thursday, June 8th. Five equities research analysts have rated the stock with a hold rating and five 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 $16.86.
Tailored Brands (TLRD) traded up 0.42% during trading on Monday, hitting $14.50. 1,208,905 shares of the company traded hands. The stock has a market capitalization of $713.33 million and a PE ratio of 12.13. Tailored Brands has a 52 week low of $9.40 and a 52 week high of $28.76. The company’s 50 day moving average is $12.62 and its 200-day moving average is $12.18.
Tailored Brands (NASDAQ:TLRD) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.26. The company had revenue of $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. Tailored Brands’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. Analysts predict that Tailored Brands will post $1.83 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. increased its stake in Tailored Brands by 192,760.0% in the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock worth $108,000 after purchasing an additional 9,638 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Tailored Brands by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $108,000 after purchasing an additional 4,303 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tailored Brands by 25.5% during the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after purchasing an additional 2,032 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Tailored Brands by 4.5% during the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock worth $153,000 after purchasing an additional 442 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Tailored Brands during the second quarter worth $118,000.
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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