Tailored Brands Inc. (NYSE:TLRD) had its price objective lifted by Mizuho from $14.00 to $17.00 in a research note released on Thursday. The firm currently has a neutral rating on the stock.
Other research analysts have also recently issued research reports about the company. Johnson Rice upgraded Tailored Brands from a hold rating to an accumulate rating in a research report on Thursday, September 1st. Deutsche Bank AG reiterated a buy rating and set a $23.00 price objective on shares of Tailored Brands in a research report on Tuesday, June 7th. Zacks Investment Research upgraded Tailored Brands from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research report on Friday, May 27th. Wunderlich started coverage on Tailored Brands in a research report on Tuesday, August 2nd. They set a buy rating and a $20.00 price objective on the stock. Finally, Jefferies Group lowered their price objective on Tailored Brands from $17.00 to $14.00 and set a hold rating on the stock in a research report on Friday, June 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $17.57.
Tailored Brands (NYSE:TLRD) opened at 16.08 on Thursday. The company’s 50-day moving average is $14.42 and its 200 day moving average is $14.90. The firm’s market cap is $783.00 million. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $48.01.
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Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. The business had revenue of $909 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the business earned $1.07 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts expect that Tailored Brands will post $1.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, September 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, September 9th. Tailored Brands’s dividend payout ratio (DPR) is presently -3.29%.
In other Tailored Brands news, Director David H. Edwab acquired 10,000 shares of Tailored Brands stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average cost of $11.63 per share, with a total value of $116,300.00. Following the completion of the purchase, the director now directly owns 48,378 shares of the company’s stock, valued at approximately $562,636.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in TLRD. FineMark National Bank & Trust raised 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 during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Tailored Brands during the second quarter worth approximately $120,000. Bank of Montreal Can purchased a new stake in shares of Tailored Brands during the second quarter worth approximately $122,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Tailored Brands during the second quarter worth approximately $129,000. Finally, BlackRock Inc. raised its stake in shares of Tailored Brands by 124.0% in the second quarter. BlackRock Inc. now owns 12,001 shares of the company’s stock worth $152,000 after buying an additional 6,644 shares during the last quarter.
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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