Tailored Brands Inc Forecasted to Earn Q3 2018 Earnings of $0.60 Per Share (TLRD)
Tailored Brands Inc (NASDAQ:TLRD) – Investment analysts at FBR & Co issued their Q3 2018 earnings per share (EPS) estimates for Tailored Brands in a research note issued on Thursday. FBR & Co analyst E. Beder forecasts that the company will post earnings per share of $0.60 for the quarter. FBR & Co has a “Buy” rating and a $16.00 price target on the stock. FBR & Co also issued estimates for Tailored Brands’ Q4 2018 earnings at ($0.21) EPS.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.26. The company had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $868.22 million. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. ILLEGAL ACTIVITY NOTICE: “Tailored Brands Inc Forecasted to Earn Q3 2018 Earnings of $0.60 Per Share (TLRD)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/09/25/tailored-brands-inc-forecasted-to-earn-q3-2018-earnings-of-0-60-per-share-tlrd.html.
Several other analysts also recently weighed in on TLRD. BidaskClub downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. TheStreet upgraded Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Jefferies Group LLC reiterated a “hold” rating and set a $14.00 target price on shares of Tailored Brands in a research report on Tuesday, June 6th. Finally, Zacks Investment Research downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tailored Brands currently has an average rating of “Hold” and an average target price of $16.86.
Tailored Brands (NASDAQ:TLRD) opened at 13.56 on Monday. The firm’s 50-day moving average is $12.18 and its 200-day moving average is $12.43. The stock has a market capitalization of $667.08 million and a P/E ratio of 11.35. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.76.
Several hedge funds have recently added to or reduced their stakes in TLRD. BlackRock Inc. raised its holdings in shares of Tailored Brands by 45,196.0% in the first quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock valued at $87,319,000 after acquiring an additional 5,831,636 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Tailored Brands by 55.6% in the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock valued at $135,834,000 after acquiring an additional 3,248,995 shares in the last quarter. Park West Asset Management LLC raised its holdings in shares of Tailored Brands by 139.5% in the first quarter. Park West Asset Management LLC now owns 1,995,876 shares of the company’s stock valued at $29,818,000 after acquiring an additional 1,162,401 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tailored Brands by 102.6% in the second quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock valued at $13,004,000 after acquiring an additional 590,036 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Tailored Brands by 57.7% in the first quarter. UBS Group AG now owns 1,481,518 shares of the company’s stock valued at $22,133,000 after acquiring an additional 542,031 shares in the last quarter.
In related news, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the completion of the sale, the director now directly owns 22,757 shares in the company, valued at $247,141.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 5.31%.
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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