Tailored Brands Inc (TLRD) Upgraded to “Buy” by BidaskClub
BidaskClub upgraded shares of Tailored Brands Inc (NASDAQ:TLRD) from a hold rating to a buy rating in a report issued on Thursday morning.
A number of other equities research analysts have also weighed in on the stock. FBR & Co reaffirmed a buy rating and set a $16.00 target price on shares of Tailored Brands in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Tailored Brands from a hold rating to a strong-buy rating and set a $14.00 price target on the stock in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a hold rating and issued a $13.00 price target (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. ValuEngine downgraded shares of Tailored Brands from a buy rating to a hold rating in a research note on Saturday, June 24th. Finally, Wunderlich set a $24.00 price objective on shares of Tailored Brands and gave the stock a buy rating in a report on Thursday, June 8th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $16.86.
Shares of Tailored Brands (NASDAQ:TLRD) opened at 14.44 on Thursday. Tailored Brands has a 52 week low of $9.40 and a 52 week high of $28.76. The firm has a market cap of $710.38 million and a PE ratio of 12.08. The firm has a 50-day moving average price of $12.18 and a 200-day moving average price of $12.43.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.26. The company had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $868.22 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts predict that Tailored Brands will post $1.83 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 4.99%.
A number of large investors have recently bought and sold shares of TLRD. State of Alaska Department of Revenue grew its holdings in Tailored Brands by 80.0% in 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 period. Financial Engines Advisors L.L.C. increased its stake in shares of Tailored Brands by 192,760.0% during the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock valued at $108,000 after purchasing an additional 9,638 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Tailored Brands during the second quarter valued at approximately $118,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Tailored Brands by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock valued at $129,000 after purchasing an additional 450 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Tailored Brands by 19.3% during the second quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after purchasing an additional 2,053 shares in the last quarter.
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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