Zacks Investment Research upgraded shares of Tailored Brands Inc. (NYSE:TLRD) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $18.00 price target 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. “
Several other research analysts have also recently issued reports on TLRD. Wunderlich initiated coverage on shares of Tailored Brands in a report on Tuesday, August 2nd. They issued a buy rating and a $20.00 target price for the company. Johnson Rice upgraded shares of Tailored Brands from a hold rating to an accumulate rating in a report on Thursday, September 1st. Stifel Nicolaus restated a hold rating and issued a $18.00 target price (up previously from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Mizuho upped their target price on shares of Tailored Brands from $14.00 to $17.00 and gave the company a neutral rating in a report on Thursday, September 8th. Finally, Deutsche Bank AG lowered their target price on shares of Tailored Brands from $23.00 to $22.00 and set a buy rating for the company in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $18.00.
Tailored Brands (NYSE:TLRD) traded down 1.66% on Tuesday, reaching $15.99. 366,885 shares of the company’s stock were exchanged. The company’s market capitalization is $778.62 million. Tailored Brands has a 1-year low of $9.95 and a 1-year high of $44.68. The firm has a 50-day moving average price of $15.33 and a 200-day moving average price of $14.79.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The company had revenue of $909 million for the quarter, compared to the consensus estimate of $890.14 million. During the same period in the prior year, the firm posted $1.07 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts expect that Tailored Brands will post $1.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, December 9th. Tailored Brands’s dividend payout ratio is currently -3.29%.
A number of hedge funds have recently modified their holdings of the company. FineMark National Bank & Trust boosted its stake in shares of Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock worth $114,000 after buying an additional 8,468 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Tailored Brands during the third quarter valued at approximately $142,000. Mason Street Advisors LLC purchased a new stake in Tailored Brands during the second quarter valued at approximately $120,000. Bank of Montreal Can purchased a new stake in Tailored Brands during the second quarter valued at approximately $122,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Tailored Brands during the second quarter valued at approximately $129,000.
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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