Zacks Investment Research upgraded shares of Tailored Brands (NYSE:TLRD) from a hold rating to a buy rating in a report issued on Friday morning. They currently have $20.00 target price on the stock.

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. “

A number of other equities analysts also recently commented on the stock. B. Riley reissued a buy rating on shares of Tailored Brands in a research note on Wednesday, November 1st. BidaskClub raised shares of Tailored Brands from a hold rating to a buy rating in a research note on Wednesday, October 25th. ValuEngine raised shares of Tailored Brands from a hold rating to a buy rating in a research note on Monday, October 2nd. FBR & Co reissued a buy rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Thursday, September 21st. Finally, Jefferies Group reissued a hold rating and issued a $13.00 price objective (up previously from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Tailored Brands currently has a consensus rating of Buy and an average target price of $17.71.

Tailored Brands (TLRD) traded up $0.16 during trading on Friday, hitting $17.02. 1,122,928 shares of the stock traded hands, compared to its average volume of 1,064,730. The company has a quick ratio of 0.56, a current ratio of 2.74 and a debt-to-equity ratio of -32.83. Tailored Brands has a 1 year low of $9.40 and a 1 year high of $28.76. The company has a market capitalization of $829.43, a P/E ratio of 8.87, a PEG ratio of 0.56 and a beta of 1.89.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.26. The firm had revenue of $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. Tailored Brands had a net margin of 1.79% and a negative return on equity of 108.13%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. research analysts expect that Tailored Brands will post 1.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Monday, December 11th. Tailored Brands’s payout ratio is presently 60.50%.

Several hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Tailored Brands by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the company’s stock worth $223,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Tailored Brands by 0.8% during the second quarter. Arizona State Retirement System now owns 25,611 shares of the company’s stock worth $286,000 after purchasing an additional 200 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Tailored Brands by 1.6% during the second quarter. Lazard Asset Management LLC now owns 19,209 shares of the company’s stock worth $214,000 after purchasing an additional 299 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position 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 worth $129,000 after purchasing an additional 450 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Tailored Brands by 1.5% during the second quarter. Texas Permanent School Fund now owns 35,810 shares of the company’s stock worth $400,000 after purchasing an additional 519 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.

Analyst Recommendations for Tailored Brands (NYSE:TLRD)

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