Tailored Brands Inc (TLRD) Downgraded to “Hold” at BidaskClub
Tailored Brands Inc (NASDAQ:TLRD) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Other equities analysts also recently issued reports about the stock. ValuEngine raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Wunderlich set a $24.00 price target on shares of Tailored Brands and gave the stock a “buy” rating in a research note on Thursday, June 8th. FBR & Co reissued a “buy” rating and issued a $16.00 price target on shares of Tailored Brands in a research note on Tuesday, September 5th. TheStreet raised shares of Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $13.00 price target (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tailored Brands has a consensus rating of “Hold” and an average price target of $16.86.
Shares of Tailored Brands (NASDAQ TLRD) traded down 0.74% during mid-day trading on Thursday, reaching $13.41. The company’s stock had a trading volume of 829,876 shares. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.76. The company’s 50-day moving average is $12.18 and its 200 day moving average is $12.43. The firm has a market cap of $659.70 million and a price-to-earnings ratio of 11.22.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.26. The company had revenue of $851.00 million during the quarter, compared to the consensus estimate of $868.22 million. During the same period in the previous year, the company earned $0.99 earnings per share. Tailored Brands’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Tailored Brands will post $1.83 EPS for the current year.
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In other Tailored Brands news, Director Dinesh S. Lathi sold 3,200 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $10.86, for a total value of $34,752.00. Following the sale, the director now owns 22,757 shares in the company, valued at $247,141.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. grew its holdings in Tailored Brands by 192,760.0% in the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock worth $108,000 after purchasing an additional 9,638 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Tailored Brands by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock valued at $108,000 after buying an additional 4,303 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Tailored Brands by 25.5% during the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock valued at $149,000 after buying an additional 2,032 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Tailored Brands by 4.5% during the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock valued at $153,000 after buying an additional 442 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Tailored Brands during the second quarter valued at approximately $118,000.
Tailored Brands Company Profile
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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