Tailored Brands Inc (TLRD) Rating Reiterated by FBR & Co
Tailored Brands Inc (NASDAQ:TLRD)‘s stock had its “outperform” rating reiterated by stock analysts at FBR & Co in a research note issued to investors on Tuesday, July 11th, Marketbeat.com reports. They currently have a $16.00 price objective on the stock. FBR & Co’s target price indicates a potential upside of 24.71% from the company’s previous close.
TLRD has been the topic of several other research reports. TheStreet lowered shares of Tailored Brands from a “c” rating to a “d+” rating in a research note on Friday, March 31st. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, May 16th. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price target on shares of Tailored Brands in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG raised their price target on shares of Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Monday, May 15th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.00.
Shares of Tailored Brands (TLRD) traded up 1.83% during trading on Tuesday, hitting $12.83. The stock had a trading volume of 2,201,579 shares. The firm’s 50-day moving average is $11.18 and its 200 day moving average is $14.77. The firm has a market cap of $629.29 million and a price-to-earnings ratio of 24.86. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Friday, June 9th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million for the quarter, compared to the consensus estimate of $793.27 million. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. On average, analysts expect that Tailored Brands will post $1.79 EPS for the current year.
In other Tailored Brands news, CFO Jack Calandra purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the acquisition, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dinesh S. Lathi sold 3,200 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $10.86, for a total transaction of $34,752.00. Following the transaction, the director now owns 22,757 shares in the company, valued at approximately $247,141.02. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Tailored Brands by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock valued at $108,000 after buying an additional 4,303 shares in the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of Tailored Brands by 192,760.0% in the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock valued at $108,000 after buying an additional 9,638 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Tailored Brands by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock valued at $129,000 after buying an additional 450 shares during the period. Atria Investments LLC acquired a new stake in shares of Tailored Brands during the second quarter valued at $147,000. Finally, SG Americas Securities LLC raised 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 worth $149,000 after buying an additional 2,032 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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