Tailored Brands Inc. (TLRD) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Tailored Brands Inc. (NYSE:TLRD) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The brokerage currently has $18.00 price target on the stock.
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 research analysts also recently commented on TLRD. Wunderlich initiated coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They set a buy rating and a $20.00 price objective for the company. Deutsche Bank AG lowered their price objective on shares of Tailored Brands from $23.00 to $22.00 and set a buy rating for the company in a research note on Monday, August 8th. Johnson Rice upgraded shares of Tailored Brands from a hold rating to an accumulate rating in a research note on Thursday, September 1st. Mizuho lifted their price objective on shares of Tailored Brands from $14.00 to $17.00 and gave the stock a neutral rating in a research note on Thursday, September 8th. Finally, Stifel Nicolaus reiterated a hold rating and set a $18.00 price objective (up from $14.00) on shares of Tailored Brands in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Tailored Brands currently has an average rating of Hold and a consensus target price of $18.00.
Shares of Tailored Brands (NYSE:TLRD) traded down 1.66% on Tuesday, reaching $15.99. 366,885 shares of the company traded hands. The stock’s market capitalization is $778.62 million. Tailored Brands has a 1-year low of $9.95 and a 1-year high of $44.68. The company has a 50-day moving average of $15.33 and a 200-day moving average of $14.79.
Tailored Brands (NYSE:TLRD) last announced 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. The company earned $909 million during the quarter, compared to the consensus estimate of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. Tailored Brands’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. Analysts anticipate that Tailored Brands will post $1.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 4.43%. Tailored Brands’s dividend payout ratio (DPR) is presently -3.29%.
Several hedge funds and other institutional investors have recently modified their holdings of TLRD. BlackRock Fund Advisors purchased a new position in Tailored Brands during the first quarter worth $55,626,000. Prudential Financial Inc. purchased a new position in Tailored Brands during the first quarter worth $5,129,000. OMERS ADMINISTRATION Corp purchased a new position in Tailored Brands during the first quarter worth $569,000. Teachers Advisors Inc. purchased a new position in Tailored Brands during the first quarter worth $1,375,000. Finally, Bogle Investment Management L P DE purchased a new position 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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