Tailored Brands Inc. (NYSE:TLRD) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 11,445,703 shares, an increase of 34.4% from the September 15th total of 8,513,220 shares. Based on an average daily volume of 1,332,613 shares, the days-to-cover ratio is currently 8.6 days. Currently, 23.8% of the shares of the stock are short sold.
Tailored Brands (NYSE:TLRD) opened at 16.07 on Monday. The firm’s 50-day moving average is $15.50 and its 200 day moving average is $14.82. The company’s market cap is $782.51 million. Tailored Brands has a 52-week low of $9.95 and a 52-week high of $42.64.
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 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 business earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same period in the previous year, the business posted $1.07 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts predict that Tailored Brands will post $1.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, December 9th. Tailored Brands’s dividend payout ratio is currently -3.29%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, October 11th. Mizuho upped their target price on shares of Tailored Brands from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Deutsche Bank AG dropped their target price on shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.00.
Institutional investors have recently bought and sold shares of the stock. FineMark National Bank & Trust boosted its position in Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock valued at $114,000 after buying an additional 8,468 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Tailored Brands during the third quarter valued at about $142,000. Mason Street Advisors LLC purchased a new position in Tailored Brands during the second quarter valued at about $120,000. Bank of Montreal Can purchased a new position in Tailored Brands during the second quarter valued at about $122,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Tailored Brands during the second quarter valued at about $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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