Tailored Brands (NYSE:TLRD) had its price target cut by investment analysts at B. Riley from $3.00 to $2.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price target points to a potential upside of 21.95% from the company’s current price. B. Riley also issued estimates for Tailored Brands’ Q1 2021 earnings at ($0.14) EPS, Q2 2021 earnings at $0.32 EPS, Q4 2021 earnings at ($0.37) EPS and FY2021 earnings at $0.31 EPS.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Tailored Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research report on Saturday, February 29th.

NYSE:TLRD traded up $0.03 during trading hours on Thursday, reaching $1.64. 29,632 shares of the company were exchanged, compared to its average volume of 2,838,934. The company has a current ratio of 1.33, a quick ratio of 0.22 and a debt-to-equity ratio of 418.48. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $4.24. The firm has a market cap of $79.40 million, a PE ratio of -0.99 and a beta of 1.84. Tailored Brands has a twelve month low of $1.06 and a twelve month high of $8.43.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, March 18th. The company reported ($0.46) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.08. The company had revenue of $690.90 million during the quarter, compared to analysts’ expectations of $708.46 million. Tailored Brands had a negative net margin of 2.75% and a negative return on equity of 138.49%. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. As a group, research analysts anticipate that Tailored Brands will post 0.2 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jefferies Group LLC purchased a new stake in shares of Tailored Brands in the fourth quarter valued at about $57,000. Millennium Management LLC boosted its stake in Tailored Brands by 126.5% during the third quarter. Millennium Management LLC now owns 12,523 shares of the company’s stock worth $55,000 after buying an additional 6,995 shares during the period. State Street Corp boosted its stake in Tailored Brands by 1.9% during the third quarter. State Street Corp now owns 1,440,710 shares of the company’s stock worth $6,339,000 after buying an additional 26,412 shares during the period. Great Lakes Advisors LLC purchased a new position in Tailored Brands during the fourth quarter worth about $85,000. Finally, Denali Advisors LLC purchased a new position in Tailored Brands during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 88.37% 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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