Zacks Investment Research cut shares of Tailored Brands (NYSE:TLRD) from a buy rating to a hold rating in a report issued on Wednesday morning.

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 research analysts have also recently issued reports about the company. B. Riley reissued a buy rating on shares of Tailored Brands in a research report on Wednesday, November 1st. BidaskClub cut Tailored Brands from a buy rating to a hold rating in a research report on Thursday, October 12th. Finally, ValuEngine cut Tailored Brands from a buy rating to a hold rating in a research report on Saturday, February 3rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Tailored Brands presently has a consensus rating of Hold and an average target price of $17.71.

Tailored Brands (TLRD) opened at $21.59 on Wednesday. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $26.03. The company has a current ratio of 2.48, a quick ratio of 0.52 and a debt-to-equity ratio of -97.85. The company has a market capitalization of $1,050.00, a P/E ratio of 15.88, a P/E/G ratio of 0.62 and a beta of 1.99.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. The firm had revenue of $810.80 million during the quarter, compared to analysts’ expectations of $807.51 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. equities analysts predict that Tailored Brands will post 2.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.33%. Tailored Brands’s payout ratio is 52.94%.

In other news, Director William B. Sechrest sold 1,286 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total value of $29,809.48. Following the completion of the sale, the director now directly owns 39,098 shares of the company’s stock, valued at $906,291.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. acquired a new stake in Tailored Brands during the 4th quarter worth approximately $205,000. Piedmont Investment Advisors LLC acquired a new stake in Tailored Brands during the 2nd quarter worth approximately $118,000. GSA Capital Partners LLP lifted its holdings in Tailored Brands by 19.3% during the 2nd quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock worth $142,000 after purchasing an additional 2,053 shares during the last quarter. PEAK6 Investments L.P. acquired a new stake in Tailored Brands during the 3rd quarter worth approximately $199,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in Tailored Brands by 7.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock worth $163,000 after purchasing an additional 1,000 shares during the last quarter.

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Tailored Brands Company Profile

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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