Q2 2020 EPS Estimates for Tailored Brands Inc (TLRD) Cut by B. Riley
Tailored Brands Inc (NYSE:TLRD) – Stock analysts at B. Riley dropped their Q2 2020 earnings per share estimates for Tailored Brands in a research report issued on Friday, May 17th. B. Riley analyst S. Anderson now anticipates that the company will post earnings per share of $0.98 for the quarter, down from their previous forecast of $1.00. B. Riley has a “Hold” rating and a $10.00 price target on the stock. B. Riley also issued estimates for Tailored Brands’ Q3 2020 earnings at $0.95 EPS and FY2020 earnings at $1.90 EPS.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $785.76 million during the quarter, compared to the consensus estimate of $801.24 million. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis.
Shares of Tailored Brands stock opened at $7.43 on Monday. The stock has a market capitalization of $361.30 million, a price-to-earnings ratio of 3.22 and a beta of 1.70. Tailored Brands has a fifty-two week low of $7.02 and a fifty-two week high of $35.86. The company has a debt-to-equity ratio of 317.61, a current ratio of 1.91 and a quick ratio of 0.37.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be given a $0.18 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.69%. Tailored Brands’s dividend payout ratio (DPR) is currently 31.17%.
In other news, CAO Brian T. Vaclavik acquired 4,250 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $8.16 per share, for a total transaction of $34,680.00. Following the completion of the transaction, the chief accounting officer now owns 19,699 shares in the company, valued at approximately $160,743.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Carrie Ann Ask acquired 13,500 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $7.41 per share, with a total value of $100,035.00. Following the transaction, the insider now owns 20,962 shares of the company’s stock, valued at approximately $155,328.42. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Tailored Brands by 0.6% in the first quarter. BlackRock Inc. now owns 7,173,328 shares of the company’s stock worth $56,238,000 after acquiring an additional 46,030 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Tailored Brands by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,319,835 shares of the company’s stock worth $10,348,000 after acquiring an additional 85,977 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Tailored Brands by 0.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,075,181 shares of the company’s stock worth $8,429,000 after acquiring an additional 7,366 shares during the period. Bank of New York Mellon Corp raised its position in shares of Tailored Brands by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,026,607 shares of the company’s stock worth $14,003,000 after acquiring an additional 79,857 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Tailored Brands by 52.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 749,904 shares of the company’s stock worth $5,880,000 after purchasing an additional 256,841 shares in the last quarter. Institutional investors and hedge funds own 98.79% of the company’s stock.
About Tailored Brands
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
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