Zacks Investment Research upgraded shares of Tailored Brands Inc. (NYSE:TLRD) from a sell rating to a hold rating in a report issued on Friday.
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. “
Several other equities analysts also recently weighed in on the company. Stifel Nicolaus reissued a hold rating and set a $18.00 price target (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Mizuho raised their price objective on Tailored Brands from $14.00 to $17.00 and gave the stock a neutral rating in a report on Thursday, September 8th. Johnson Rice upgraded Tailored Brands from a hold rating to an accumulate rating in a report on Thursday, September 1st. Deutsche Bank AG decreased their price objective on Tailored Brands from $23.00 to $22.00 and set a buy rating on the stock in a report on Monday, August 8th. Finally, Wunderlich assumed coverage on Tailored Brands in a report on Tuesday, August 2nd. They set a buy rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $17.57.
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Shares of Tailored Brands (NYSE:TLRD) opened at 16.32 on Friday. Tailored Brands has a one year low of $9.95 and a one year high of $47.78. The stock’s market cap is $794.69 million. The firm’s 50-day moving average price is $14.46 and its 200 day moving average price is $14.91.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The company earned $909 million during the quarter, compared to the consensus estimate of $890.14 million. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. Tailored Brands’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Equities research analysts expect that Tailored Brands will post $1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Tuesday, September 13th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Friday, September 9th. Tailored Brands’s payout ratio is currently -3.29%.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors bought a new position in shares of Tailored Brands during the first quarter worth approximately $55,626,000. Prudential Financial Inc. bought a new position in shares of Tailored Brands during the first quarter worth approximately $5,129,000. OMERS ADMINISTRATION Corp bought a new position in shares of Tailored Brands during the first quarter worth approximately $569,000. Teachers Advisors Inc. bought a new position in shares of Tailored Brands during the first quarter worth approximately $1,375,000. Finally, Bogle Investment Management L P DE bought a new position in shares of Tailored Brands during the first quarter worth approximately $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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