Tailored Brands Inc (TLRD) Receives $17.57 Consensus Target Price from Analysts
Tailored Brands Inc (NASDAQ:TLRD) has received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.57.
Several equities research analysts recently commented on the stock. Jefferies Group LLC restated a “hold” rating and issued a $14.00 price target on shares of Tailored Brands in a research report on Friday, May 5th. Deutsche Bank AG upped their price target on shares of Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, May 5th. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. FBR & Co reiterated an “outperform” rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Tuesday, July 11th. Finally, Johnson Rice upgraded shares of Tailored Brands from an “accumulate” rating to a “buy” rating in a research note on Thursday, May 4th.
Tailored Brands (NASDAQ:TLRD) traded down 1.59% during mid-day trading on Tuesday, reaching $10.51. 1,109,181 shares of the company’s stock traded hands. The company has a 50-day moving average of $11.57 and a 200-day moving average of $14.07. The company has a market capitalization of $515.49 million and a price-to-earnings ratio of 20.37. 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, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The firm had revenue of $782.90 million during the quarter, compared to analysts’ expectations of $793.27 million. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. Equities research analysts expect that Tailored Brands will post $1.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a $0.18 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.72 annualized dividend and a yield of 6.85%.
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In other Tailored Brands news, CFO Jack Calandra purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the purchase, the chief financial officer now directly owns 31,026 shares in the company, valued at approximately $294,747. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction on Thursday, June 29th. The stock was 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.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Tailored Brands during the second quarter valued at approximately $288,000. Schneider Capital Management Corp raised its position in shares of Tailored Brands by 18.1% in the second quarter. Schneider Capital Management Corp now owns 248,085 shares of the company’s stock valued at $2,769,000 after buying an additional 38,085 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Tailored Brands during the second quarter valued at approximately $118,000. The Manufacturers Life Insurance Company raised its position in shares of Tailored Brands by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 39,160 shares of the company’s stock valued at $437,000 after buying an additional 1,249 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of Tailored Brands by 165.1% in the second quarter. Cubist Systematic Strategies LLC now owns 32,428 shares of the company’s stock valued at $362,000 after buying an additional 20,196 shares during the period.
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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