Stifel Nicolaus reissued their hold rating on shares of Tailored Brands Inc. (NYSE:TLRD) in a research report released on Thursday morning. The brokerage currently has a $18.00 price objective on the stock, up from their previous price objective of $14.00.
A number of other equities analysts have also commented on TLRD. Zacks Investment Research raised shares of Tailored Brands from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Friday, May 27th. Deutsche Bank AG reissued a buy rating and issued a $23.00 price target on shares of Tailored Brands in a research report on Tuesday, June 7th. Mizuho dropped their price target on shares of Tailored Brands from $17.00 to $14.00 and set a neutral rating on the stock in a research report on Friday, June 10th. Jefferies Group dropped their price target on shares of Tailored Brands from $17.00 to $14.00 and set a hold rating on the stock in a research report on Friday, June 10th. Finally, Wunderlich started coverage on shares of Tailored Brands in a research report on Tuesday, August 2nd. They issued a buy rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Tailored Brands has a consensus rating of Hold and a consensus target price of $17.57.
Tailored Brands (NYSE:TLRD) opened at 16.08 on Thursday. Tailored Brands has a 52 week low of $9.95 and a 52 week high of $48.01. The company’s 50 day moving average is $14.42 and its 200 day moving average is $14.90. The stock’s market cap is $783.00 million.
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Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. The firm earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Equities analysts predict that Tailored Brands will post $1.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a $0.72 dividend on an annualized basis and a yield of 4.48%. Tailored Brands’s dividend payout ratio is currently -3.29%.
In other Tailored Brands news, Director David H. Edwab purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of $11.63 per share, for a total transaction 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 $562,636.14. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. BlackRock Fund Advisors acquired a new stake in Tailored Brands during the first quarter worth $55,626,000. Prudential Financial Inc. acquired a new stake in Tailored Brands during the first quarter worth $5,129,000. OMERS ADMINISTRATION Corp acquired a new stake in Tailored Brands during the first quarter worth $569,000. Teachers Advisors Inc. acquired a new stake in Tailored Brands during the first quarter worth $1,375,000. Finally, Bogle Investment Management L P DE acquired a new stake in Tailored Brands during the first quarter worth $6,849,000.
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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