Tailored Brands Inc. (TLRD) Stock Rating Upgraded by Zacks Investment Research
Tailored Brands Inc. (NYSE:TLRD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $18.00 price objective on the stock. Zacks Investment Research’s target price would indicate a potential upside of 10.70% from the stock’s previous close.
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 research firms also recently weighed in on TLRD. Deutsche Bank AG dropped their target price on shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a report on Monday, August 8th. Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a report on Thursday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (up from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Mizuho raised their target price on shares of Tailored Brands from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Finally, Wunderlich started coverage on shares of Tailored Brands in a report on Tuesday, August 2nd. They set a “buy” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Tailored Brands has an average rating of “Hold” and an average target price of $18.00.
Shares of Tailored Brands (NYSE:TLRD) traded down 1.66% during midday trading on Tuesday, reaching $15.99. 366,885 shares of the company traded hands. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $44.68. The company’s 50 day moving average is $15.33 and its 200-day moving average is $14.79. The stock’s market capitalization is $778.62 million.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The firm earned $909 million during the quarter, compared to the consensus estimate of $890.14 million. During the same period last year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts forecast 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 given a $0.18 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 4.43%. Tailored Brands’s dividend payout ratio is presently -3.29%.
Several large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund bought a new stake in Tailored Brands during the first quarter valued at about $693,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Tailored Brands during the first quarter valued at about $2,192,000. Ngam Advisors L.P. bought a new stake in Tailored Brands during the first quarter valued at about $1,178,000. TIAA CREF Investment Management LLC bought a new stake in Tailored Brands during the first quarter valued at about $3,290,000. Finally, Teachers Advisors Inc. bought a new stake in Tailored Brands during the first quarter valued at about $1,375,000.
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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