Tailored Brands Inc (TLRD) Rating Increased to Buy at BidaskClub
Tailored Brands Inc (NASDAQ:TLRD) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Several other research firms also recently weighed in on TLRD. TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a report on Wednesday, June 7th. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. FBR & Co reissued a “buy” rating and issued a $16.00 price objective on shares of Tailored Brands in a report on Tuesday, September 5th. Zacks Investment Research downgraded Tailored Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Cowen and Company decreased their price objective on Tailored Brands from $23.00 to $12.00 and set a “market perform” rating for the company in a report on Friday, June 9th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.86.
Tailored Brands (TLRD) opened at 14.55 on Friday. The stock has a market capitalization of $715.79 million and a price-to-earnings ratio of 12.18. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76. The firm’s 50-day moving average is $12.08 and its 200-day moving average is $12.71.
Tailored Brands (NASDAQ:TLRD) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.26. The firm had revenue of $851.00 million during the quarter, compared to analyst estimates of $868.22 million. Tailored Brands’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Analysts predict that Tailored Brands will post $1.83 earnings per share for the current year.
In related news, 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 completion of the sale, the director now directly owns 22,757 shares of the company’s stock, valued at $247,141.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jack Calandra purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $9.50 per share, with a total value of $95,000.00. Following the completion of the acquisition, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The disclosure for this purchase can be found here.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Leucadia National Corp acquired a new stake in shares of Tailored Brands during the second quarter worth $181,000. Vanguard Group Inc. raised its position in Tailored Brands by 55.6% in the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock worth $135,834,000 after acquiring an additional 3,248,995 shares in the last quarter. Boston Partners raised its position in Tailored Brands by 1.8% in the second quarter. Boston Partners now owns 2,260,055 shares of the company’s stock worth $25,222,000 after acquiring an additional 39,733 shares in the last quarter. OppenheimerFunds Inc. raised its position in Tailored Brands by 115.1% in the first quarter. OppenheimerFunds Inc. now owns 169,595 shares of the company’s stock worth $2,533,000 after acquiring an additional 90,758 shares in the last quarter. Finally, Mason Street Advisors LLC raised 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 worth $170,000 after acquiring an additional 757 shares in the last quarter.
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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