Tailored Brands Inc (TLRD) Lifted to Buy at BidaskClub
BidaskClub upgraded shares of Tailored Brands Inc (NASDAQ:TLRD) from a hold rating to a buy rating in a report released on Friday.
Several other equities analysts have also issued reports on TLRD. ValuEngine lowered shares of Tailored Brands from a buy rating to a hold rating in a report on Friday, June 2nd. Jefferies Group LLC restated a hold rating and issued a $14.00 target price on shares of Tailored Brands in a report on Tuesday, June 6th. Wunderlich set a $24.00 target price on shares of Tailored Brands and gave the company a buy rating in a report on Thursday, June 8th. TheStreet upgraded shares of Tailored Brands from a d+ rating to a c- rating in a report on Wednesday, June 7th. Finally, Cowen and Company dropped their target price on shares of Tailored Brands from $23.00 to $12.00 and set a market perform rating on the stock in a report on Friday, June 9th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $16.86.
Shares of Tailored Brands (TLRD) opened at 14.34 on Friday. The company has a 50 day moving average of $12.14 and a 200-day moving average of $12.50. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76. The company has a market cap of $705.46 million and a PE ratio of 12.00.
Tailored Brands (NASDAQ:TLRD) last released its earnings results on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.26. The firm had revenue of $851.00 million during the quarter, compared to analyst estimates of $868.22 million. Tailored Brands’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Analysts forecast that Tailored Brands will post $1.83 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.02%. The ex-dividend date is Monday, December 11th.
In related news, CFO Jack Calandra purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average cost of $9.50 per share, with a total value of $95,000.00. Following the completion of the purchase, the chief financial officer now owns 31,026 shares in the company, valued at approximately $294,747. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $10.86, for a total transaction of $34,752.00. Following the completion of the sale, the director now directly owns 22,757 shares of the company’s stock, valued at $247,141.02. The disclosure for this sale can be found here.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Tailored Brands in the second quarter valued at $288,000. Schneider Capital Management Corp increased its stake in Tailored Brands by 18.1% in the second quarter. Schneider Capital Management Corp now owns 248,085 shares of the company’s stock valued at $2,769,000 after purchasing an additional 38,085 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Tailored Brands in the second quarter valued at $118,000. The Manufacturers Life Insurance Company increased its stake in Tailored Brands by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 39,160 shares of the company’s stock valued at $437,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Tailored Brands by 165.1% in the second quarter. Cubist Systematic Strategies LLC now owns 32,428 shares of the company’s stock valued at $362,000 after purchasing an additional 20,196 shares in the last quarter.
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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