Jefferies Group LLC Reaffirms Hold Rating for Tailored Brands Inc (TLRD)
Tailored Brands Inc (NASDAQ:TLRD)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group LLC in a research note issued to investors on Tuesday, June 6th, MarketBeat.com reports. They currently have a $14.00 price target on the stock. Jefferies Group LLC’s price target points to a potential upside of 24.22% from the company’s previous close.
TLRD has been the topic of several other reports. TheStreet downgraded shares of Tailored Brands from a “c” rating to a “d+” rating in a research report on Friday, March 31st. Zacks Investment Research downgraded shares of Tailored Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Wunderlich restated a “buy” rating and set a $30.00 price objective on shares of Tailored Brands in a research report on Monday, March 6th. Deutsche Bank AG raised their price objective on shares of Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tailored Brands has a consensus rating of “Hold” and an average price target of $17.14.
Tailored Brands (NASDAQ:TLRD) opened at 11.27 on Tuesday. The stock has a market capitalization of $552.77 million and a price-to-earnings ratio of 21.84. Tailored Brands has a 1-year low of $9.91 and a 1-year high of $28.76. The company has a 50-day moving average of $11.45 and a 200-day moving average of $17.69.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings results on Friday, June 9th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The business had revenue of $782.90 million during the quarter, compared to the consensus estimate of $793.27 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis. Analysts anticipate that Tailored Brands will post $1.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.72 annualized dividend and a yield of 6.39%.
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In related news, major shareholder Eminence Capital, Lp sold 7,256,678 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $12.20, for a total transaction of $88,531,471.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of institutional investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. bought a new position in Tailored Brands during the fourth quarter valued at $224,000. SG Americas Securities LLC boosted its position in Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock valued at $149,000 after buying an additional 2,032 shares during the last quarter. First Mercantile Trust Co. boosted its position in Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock valued at $151,000 after buying an additional 3,626 shares during the last quarter. Bank of Montreal Can boosted its position in Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock valued at $153,000 after buying an additional 442 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock valued at $170,000 after buying an additional 757 shares during the last quarter.
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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