ValuEngine Upgrades Tailored Brands (NYSE:TLRD) to “Sell”

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ValuEngine upgraded shares of Tailored Brands (NYSE:TLRD) from a strong sell rating to a sell rating in a research note published on Monday, ValuEngine reports.

A number of other research analysts have also recently weighed in on the stock. B. Riley lifted their price objective on shares of Tailored Brands from $5.00 to $6.00 and gave the company a neutral rating in a report on Thursday, September 12th. Zacks Investment Research cut shares of Tailored Brands from a hold rating to a sell rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $15.00.

TLRD opened at $4.54 on Monday. Tailored Brands has a fifty-two week low of $4.21 and a fifty-two week high of $26.18. The company has a debt-to-equity ratio of 418.48, a quick ratio of 0.22 and a current ratio of 1.46. The company has a fifty day moving average of $5.08 and a two-hundred day moving average of $6.69. The stock has a market capitalization of $258.28 million, a price-to-earnings ratio of 1.97 and a beta of 1.82.

Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Wednesday, September 11th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Tailored Brands had a net margin of 1.94% and a return on equity of 2,629.06%. The company had revenue of $789.50 million during the quarter, compared to analysts’ expectations of $788.98 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Tailored Brands will post 1.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 15.86%. Tailored Brands’s dividend payout ratio is currently 31.17%.

In related news, Director Theo Killion bought 15,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average price of $4.64 per share, with a total value of $69,600.00. Following the completion of the purchase, the director now directly owns 59,754 shares of the company’s stock, valued at $277,258.56. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dinesh S. Lathi bought 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $4.92 per share, with a total value of $49,200.00. Following the purchase, the chief executive officer now directly owns 46,267 shares of the company’s stock, valued at $227,633.64. The disclosure for this purchase can be found here. 2.60% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TLRD. Dimensional Fund Advisors LP increased its stake in shares of Tailored Brands by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,233,858 shares of the company’s stock worth $16,831,000 after purchasing an additional 45,217 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Tailored Brands by 6.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,522 shares of the company’s stock valued at $192,000 after acquiring an additional 1,483 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Tailored Brands during the 1st quarter valued at about $81,000. First Republic Investment Management Inc. purchased a new stake in Tailored Brands during the 1st quarter valued at about $93,000. Finally, Comerica Bank grew its stake in Tailored Brands by 2.8% during the 1st quarter. Comerica Bank now owns 49,571 shares of the company’s stock valued at $384,000 after acquiring an additional 1,347 shares in the last quarter. 99.46% of the stock is owned by institutional investors and hedge funds.

Tailored Brands Company Profile

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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