Tailored Brands Inc (TLRD) To Go Ex-Dividend on December 11th
Tailored Brands Inc (NYSE:TLRD) declared a quarterly dividend on Thursday, September 14th, RTT News reports. Stockholders of record on Tuesday, December 12th will be paid a dividend of 0.18 per share on Friday, December 22nd. This represents a $0.72 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, December 11th.
Tailored Brands has a payout ratio of 39.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tailored Brands to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 33.6%.
Shares of Tailored Brands (TLRD) opened at $19.54 on Friday. The company has a market capitalization of $962.21, a PE ratio of 9.92, a P/E/G ratio of 0.57 and a beta of 1.90. Tailored Brands has a 1-year low of $9.40 and a 1-year high of $28.76. The company has a current ratio of 2.48, a quick ratio of 0.56 and a debt-to-equity ratio of -97.85.
Several analysts recently commented on the company. BidaskClub lowered Tailored Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Jefferies Group reaffirmed a “hold” rating and set a $13.00 target price (up from $12.00) on shares of Tailored Brands in a report on Friday, September 8th. FBR & Co reaffirmed a “buy” rating and set a $16.00 target price on shares of Tailored Brands in a report on Thursday, September 21st. ValuEngine lowered Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $17.71.
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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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