Zacks Investment Research cut shares of Tailored Brands (NYSE:TLRD) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. “

Other analysts have also recently issued reports about the company. ValuEngine raised Tailored Brands from a hold rating to a buy rating in a research note on Monday, May 14th. Jefferies Financial Group raised Tailored Brands from a hold rating to a buy rating in a research note on Monday, May 14th. Finally, Deutsche Bank cut their target price on Tailored Brands from $31.00 to $28.00 and set a hold rating on the stock in a research note on Monday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $23.75.

NYSE TLRD opened at $22.29 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.45 and a debt-to-equity ratio of -34.32. The stock has a market capitalization of $1.11 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.65. Tailored Brands has a 1 year low of $11.55 and a 1 year high of $35.94.

Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, June 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $818.00 million for the quarter, compared to analysts’ expectations of $794.05 million. Tailored Brands had a negative return on equity of 488.59% and a net margin of 3.26%. Tailored Brands’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. analysts anticipate that Tailored Brands will post 2.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, September 17th. This represents a $0.72 annualized dividend and a yield of 3.23%. Tailored Brands’s payout ratio is 32.73%.

In other Tailored Brands news, Director Dinesh S. Lathi sold 3,000 shares of Tailored Brands stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $27.09, for a total transaction of $81,270.00. Following the sale, the director now directly owns 19,757 shares of the company’s stock, valued at approximately $535,217.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd bought a new stake in Tailored Brands during the 2nd quarter valued at approximately $249,000. Millennium Management LLC boosted its position in Tailored Brands by 25.9% during the 2nd quarter. Millennium Management LLC now owns 674,944 shares of the company’s stock valued at $17,225,000 after acquiring an additional 139,047 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Tailored Brands by 140.5% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 44,500 shares of the company’s stock valued at $1,136,000 after purchasing an additional 26,000 shares during the last quarter. Zacks Investment Management purchased a new position in shares of Tailored Brands during the second quarter valued at approximately $206,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Tailored Brands by 35.8% during the second quarter. Cubist Systematic Strategies LLC now owns 21,734 shares of the company’s stock valued at $555,000 after purchasing an additional 5,732 shares during the last quarter. 99.93% of the stock is currently owned by institutional investors and hedge funds.

Tailored Brands Company Profile

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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