Zacks Investment Research Upgrades Tailored Brands Inc. (TLRD) to Buy
Tailored Brands Inc. (NYSE:TLRD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm presently has a $18.00 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 8.76% from the stock’s previous close.
According to Zacks, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. “
A number of other analysts have also recently weighed in on TLRD. Wunderlich started coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price target for the company. Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research report on Thursday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $18.00 price objective (up previously from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. Mizuho upped their price objective on shares of Tailored Brands from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, September 8th. Finally, Deutsche Bank AG cut their price objective on shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.00.
Tailored Brands (NYSE:TLRD) opened at 16.55 on Tuesday. Tailored Brands has a one year low of $9.95 and a one year high of $42.64. The company’s 50 day moving average is $15.41 and its 200 day moving average is $14.81. The stock’s market cap is $805.89 million.
Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The business earned $909 million during the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter in the prior year, the business posted $1.07 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts expect that Tailored Brands will post $1.70 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Tuesday, December 13th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.35%. Tailored Brands’s dividend payout ratio is presently -3.29%.
Several institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund acquired a new stake in shares of Tailored Brands during the first quarter worth approximately $693,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Tailored Brands during the first quarter worth approximately $2,192,000. Ngam Advisors L.P. acquired a new stake in shares of Tailored Brands during the first quarter worth approximately $1,178,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Tailored Brands during the first quarter worth approximately $3,290,000. Finally, Teachers Advisors Inc. acquired a new stake in shares of Tailored Brands during the first quarter worth approximately $1,375,000.
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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