Zacks Investment Research downgraded shares of Tailored Brands (NYSE:TLRD) from a buy rating to a hold rating in a research note released on Friday 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. “
Separately, ValuEngine raised Tailored Brands from a hold rating to a buy rating in a research report on Thursday, March 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $18.83.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $810.80 million for the quarter, compared to the consensus estimate of $807.51 million. During the same quarter in the prior year, the company earned $0.68 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. equities analysts forecast that Tailored Brands will post 2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, March 16th. Tailored Brands’s payout ratio is currently 52.94%.
In related news, Director William B. Sechrest sold 1,286 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total transaction of $29,809.48. Following the sale, the director now owns 39,098 shares of the company’s stock, valued at $906,291.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Tailored Brands by 2.6% in the fourth quarter. BlackRock Inc. now owns 6,160,348 shares of the company’s stock worth $134,481,000 after acquiring an additional 157,597 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Tailored Brands by 45.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,853,108 shares of the company’s stock worth $40,453,000 after acquiring an additional 579,626 shares in the last quarter. State Street Corp boosted its holdings in Tailored Brands by 12.1% in the second quarter. State Street Corp now owns 1,609,301 shares of the company’s stock worth $17,960,000 after acquiring an additional 173,842 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Tailored Brands by 11.7% in the fourth quarter. Bank of New York Mellon Corp now owns 880,139 shares of the company’s stock worth $19,214,000 after acquiring an additional 92,516 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Tailored Brands by 45.4% in the fourth quarter. Geode Capital Management LLC now owns 670,678 shares of the company’s stock worth $14,640,000 after acquiring an additional 209,343 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.
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