Other analysts have also recently issued research 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 target price on shares of Tailored Brands and gave the stock a buy rating in a research note on Thursday, June 8th. BidaskClub raised shares of Tailored Brands from a hold rating to a buy rating in a research note on Friday, September 15th. TheStreet raised shares of Tailored Brands from a d+ rating to a c- rating in a research note on Wednesday, June 7th. Finally, 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. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Tailored Brands has a consensus rating of Hold and an average price target of $16.86.
Tailored Brands (TLRD) opened at 13.56 on Thursday. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.76. The stock’s 50 day moving average price is $12.18 and its 200-day moving average price is $12.43. The stock has a market cap of $667.08 million and a price-to-earnings ratio of 11.35.
Tailored Brands (NASDAQ:TLRD) last released its earnings results on Thursday, September 7th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.26. The company had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $868.22 million. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. Equities analysts expect that Tailored Brands will post $1.83 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, December 11th. This represents a $0.72 annualized dividend and a yield of 5.31%.
In related 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 transaction of $34,752.00. Following the completion of the sale, the director now owns 22,757 shares of the company’s stock, valued at approximately $247,141.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Tailored Brands by 19.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock valued at $121,225,000 after acquiring an additional 1,770,480 shares in the last quarter. BlackRock Inc. grew its stake in Tailored Brands by 45,196.0% during the 1st quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock valued at $87,319,000 after acquiring an additional 5,831,636 shares in the last quarter. Capital World Investors grew its stake in Tailored Brands by 6.3% during the 2nd quarter. Capital World Investors now owns 3,741,000 shares of the company’s stock valued at $41,750,000 after acquiring an additional 222,000 shares in the last quarter. Boston Partners grew its stake in Tailored Brands by 1.8% during the 2nd quarter. Boston Partners now owns 2,260,055 shares of the company’s stock valued at $25,222,000 after acquiring an additional 39,733 shares in the last quarter. Finally, Park West Asset Management LLC grew its stake in Tailored Brands by 139.5% during the 1st quarter. Park West Asset Management LLC now owns 1,995,876 shares of the company’s stock valued at $29,818,000 after acquiring an additional 1,162,401 shares in the last quarter.
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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