Tailored Brands Inc (TLRD) Stock Rating Reaffirmed by Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Tailored Brands Inc (NASDAQ:TLRD) in a report published on Monday morning, StockTargetPrices.com reports. They currently have a $14.00 price objective on the stock.
Other equities research analysts have also issued reports about the company. Johnson Rice raised Tailored Brands from an accumulate rating to a buy rating in a research note on Thursday, May 4th. Wunderlich reissued a buy rating and set a $30.00 price target on shares of Tailored Brands in a research note on Monday, March 6th. Zacks Investment Research raised Tailored Brands from a hold rating to a buy rating and set a $26.00 price target for the company in a research note on Friday, March 3rd. TheStreet raised Tailored Brands from a d rating to a c rating in a research note on Wednesday, March 8th. Finally, Deutsche Bank AG raised their price target on Tailored Brands from $20.00 to $21.00 and gave the stock a hold rating in a research note on Monday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $19.00.
Shares of Tailored Brands (NASDAQ:TLRD) traded down 0.328% during trading on Monday, reaching $10.645. The company’s stock had a trading volume of 654,315 shares. The company has a 50 day moving average of $12.76 and a 200-day moving average of $18.56. Tailored Brands has a 12-month low of $10.50 and a 12-month high of $28.76. The stock has a market cap of $519.30 million and a price-to-earnings ratio of 20.873.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Wednesday, March 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.07. The company had revenue of $793 million during the quarter, compared to analysts’ expectations of $811.36 million. During the same period in the prior year, the company earned ($0.30) earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Analysts forecast that Tailored Brands will post $1.80 EPS for the current year.
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In other Tailored Brands news, major shareholder Eminence Capital, Lp sold 7,256,678 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $12.20, for a total transaction of $88,531,471.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Several hedge funds and other institutional investors have recently made changes to their positions in TLRD. First Citizens Bank & Trust Co. bought a new position in shares of Tailored Brands during the third quarter worth about $312,000. Alambic Investment Management L.P. acquired a new position in shares of Tailored Brands during the third quarter valued at $256,000. BlackRock Investment Management LLC increased its position in shares of Tailored Brands by 2.3% in the third quarter. BlackRock Investment Management LLC now owns 217,518 shares of the company’s stock valued at $3,415,000 after buying an additional 4,850 shares during the period. BlackRock Fund Advisors increased its position in shares of Tailored Brands by 7.1% in the third quarter. BlackRock Fund Advisors now owns 3,412,022 shares of the company’s stock valued at $53,569,000 after buying an additional 225,571 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Tailored Brands by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the company’s stock valued at $170,000 after buying an additional 180 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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