Tailored Brands Inc (NASDAQ:TLRD)‘s stock had its “outperform” rating reissued by FBR & Co in a report released on Tuesday, July 11th, Marketbeat.com reports. They currently have a $16.00 price objective on the stock. FBR & Co’s price objective indicates a potential upside of 26.68% from the company’s previous close.
A number of other analysts have also issued reports on the stock. 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. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, May 16th. Johnson Rice raised Tailored Brands from an “accumulate” rating to a “buy” rating in a research report on Thursday, May 4th. ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.00.
Tailored Brands (NASDAQ TLRD) traded down 1.56% on Tuesday, hitting $12.63. 1,258,573 shares of the stock were exchanged. The firm has a market cap of $619.48 million and a PE ratio of 24.48. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $28.76. The stock’s 50 day moving average price is $11.26 and its 200 day moving average price is $14.72.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings data on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million during the quarter, compared to analysts’ expectations of $793.27 million. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Equities research analysts forecast that Tailored Brands will post $1.79 earnings per share 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 on Thursday, June 29th. The stock was 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 of the company’s stock, valued at $247,141.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jack Calandra bought 10,000 shares of the stock in a transaction on Wednesday, June 21st. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the acquisition, the chief financial officer now directly owns 31,026 shares of the company’s stock, valued at approximately $294,747. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. purchased a new stake in Tailored Brands during the fourth quarter valued at $224,000. Financial Engines Advisors L.L.C. raised its stake 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 valued at $108,000 after buying an additional 9,638 shares during the period. State of Alaska Department of Revenue raised its stake in Tailored Brands by 80.0% in 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 period. SG Americas Securities LLC raised its stake in Tailored Brands by 25.5% in 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 period. Finally, First Mercantile Trust Co. raised its stake in Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock valued at $151,000 after buying an additional 3,626 shares during the period.
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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