Tailored Brands Inc. (NYSE:TLRD) Given Consensus Rating of “Hold” by Brokerages
Shares of Tailored Brands Inc. (NYSE:TLRD) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.00.
Several analysts have commented on TLRD shares. Deutsche Bank AG reiterated a “buy” rating and set a $23.00 target price on shares of Tailored Brands in a research report on Tuesday, June 7th. Stifel Nicolaus reiterated a “hold” rating on shares of Tailored Brands in a research report on Thursday, June 9th. Zacks Investment Research cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Mizuho dropped their target price on shares of Tailored Brands from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, June 10th. Finally, Jefferies Group dropped their target price on shares of Tailored Brands from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, June 10th.
Shares of Tailored Brands (NYSE:TLRD) opened at 15.39 on Thursday. The company’s 50 day moving average price is $15.13 and its 200 day moving average price is $14.84. Tailored Brands has a one year low of $9.95 and a one year high of $44.68. The stock’s market capitalization is $749.40 million.
Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. The company 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 business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. On average, analysts expect that Tailored Brands will post $1.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, December 9th. Tailored Brands’s payout ratio is presently -3.29%.
Institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC bought a new position in shares of Tailored Brands during the second quarter worth $120,000. Cowen Group Inc. bought a new position in shares of Tailored Brands during the second quarter worth $1,578,000. Royal Bank of Canada raised its position in shares of Tailored Brands by 9.9% in the second quarter. Royal Bank of Canada now owns 591,762 shares of the company’s stock worth $7,492,000 after buying an additional 53,119 shares during the last quarter. Sterling Capital Management LLC bought a new position in shares of Tailored Brands during the second quarter worth $245,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Tailored Brands during the second quarter worth $250,000.
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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