Tailored Brands Inc (TLRD) Earns Buy Rating from FBR & Co
FBR & Co reiterated their buy rating on shares of Tailored Brands Inc (NASDAQ:TLRD) in a research note published on Thursday morning. The brokerage currently has a $16.00 price objective on the stock.
A number of other brokerages have also recently commented on TLRD. BidaskClub raised shares of Tailored Brands from a hold rating to a buy rating in a report on Friday, September 15th. Zacks Investment Research cut shares of Tailored Brands from a strong-buy rating to a hold rating in a research note on Wednesday, September 13th. Jefferies Group LLC reissued a hold rating and issued a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. ValuEngine cut shares of Tailored Brands from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, Wunderlich set a $24.00 price objective on shares of Tailored Brands and gave the company a buy rating in a research note on Thursday, June 8th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $16.86.
Shares of Tailored Brands (TLRD) opened at 13.56 on Thursday. The stock has a 50 day moving average of $12.18 and a 200 day moving average of $12.43. The stock has a market capitalization of $667.08 million and a P/E ratio of 11.35. Tailored Brands has a 12-month low of $9.40 and a 12-month high of $28.76.
Tailored Brands (NASDAQ:TLRD) last announced its earnings results on Thursday, September 7th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. The business had revenue of $851.00 million during the quarter, compared to analyst estimates of $868.22 million. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 earnings per share. Equities research analysts anticipate that Tailored Brands will post $1.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 annualized dividend and a dividend yield of 5.31%.
In other Tailored Brands news, Director Dinesh S. Lathi sold 3,200 shares of the business’s 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 sale, the director now directly owns 22,757 shares in the company, valued at approximately $247,141.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Engines Advisors L.L.C. boosted its position in shares of Tailored Brands by 192,760.0% during the 2nd 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 in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Tailored Brands by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $108,000 after purchasing an additional 4,303 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Tailored Brands by 25.5% during the 1st quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after purchasing an additional 2,032 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Tailored Brands by 4.5% during the 1st quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock worth $153,000 after purchasing an additional 442 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Tailored Brands during the 2nd quarter worth $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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