Tailored Brands (TLRD) Releases FY19 Earnings Guidance
Tailored Brands (NYSE:TLRD) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.35-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.29.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Tailored Brands from a hold rating to a buy rating and set a $26.00 price target for the company in a research note on Wednesday. ValuEngine upgraded Tailored Brands from a hold rating to a buy rating in a research note on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $18.67.
Shares of Tailored Brands (TLRD) traded down $0.10 during mid-day trading on Wednesday, hitting $23.21. The company had a trading volume of 2,242,887 shares, compared to its average volume of 1,139,848. The company has a current ratio of 2.48, a quick ratio of 0.52 and a debt-to-equity ratio of -97.85. The company has a market capitalization of $1,154.26, a PE ratio of 16.77, a P/E/G ratio of 0.64 and a beta of 1.94. Tailored Brands has a fifty-two week low of $9.40 and a fifty-two week high of $26.03.
In other Tailored Brands news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total transaction of $29,809.48. Following the completion of the transaction, the director now directly owns 39,098 shares in the company, valued at $906,291.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.
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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