Tailored Brands Inc. Plans Quarterly Dividend of $0.18 (TLRD)
Tailored Brands Inc. (NYSE:TLRD) declared a quarterly dividend on Wednesday, September 28th. Stockholders of record on Tuesday, December 13th will be given a dividend of 0.18 per share on Friday, December 23rd. This represents a $0.72 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, December 9th.
Tailored Brands (NYSE:TLRD) traded down 0.39% during trading on Wednesday, hitting $15.35. The stock had a trading volume of 1,080,168 shares. The company’s market cap is $747.45 million. The company has a 50 day moving average of $14.93 and a 200-day moving average of $14.87. Tailored Brands has a 12-month low of $9.95 and a 12-month high of $44.68.
Tailored Brands (NYSE:TLRD) last announced its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $909 million for the quarter, compared to analyst estimates 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 for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. On average, equities analysts predict that Tailored Brands will post $1.70 EPS for the current year.
Several research analysts recently weighed in on TLRD shares. Deutsche Bank AG reissued a “buy” rating and set a $23.00 price target on shares of Tailored Brands in a research report on Tuesday, June 7th. Stifel Nicolaus reissued a “hold” rating on shares of Tailored Brands in a research report on Thursday, June 9th. Wunderlich started coverage on Tailored Brands in a research report on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research raised Tailored Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Finally, Jefferies Group lowered their target price on Tailored Brands from $17.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.57.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Tailored Brands by 3.9% in the second quarter. Vanguard Group Inc. now owns 3,962,504 shares of the company’s stock valued at $50,165,000 after buying an additional 149,131 shares during the period. BlackRock Advisors LLC increased its stake in Tailored Brands by 4.8% in the second quarter. BlackRock Advisors LLC now owns 23,643 shares of the company’s stock valued at $299,000 after buying an additional 1,079 shares during the period. BlackRock Investment Management LLC increased its stake in Tailored Brands by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 212,668 shares of the company’s stock valued at $2,692,000 after buying an additional 23,017 shares during the period. BlackRock Inc. increased its stake in Tailored Brands by 124.0% in the second quarter. BlackRock Inc. now owns 12,001 shares of the company’s stock valued at $152,000 after buying an additional 6,644 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Tailored Brands by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,186,451 shares of the company’s stock valued at $40,340,000 after buying an additional 78,881 shares during the period.
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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