Tailored Brands Inc (NASDAQ:TLRD) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.57.
Several equities research analysts have issued reports on TLRD shares. TheStreet upgraded shares of Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Deutsche Bank AG raised their price objective on shares of Tailored Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and set a $14.00 price objective on shares of Tailored Brands in a research report on Friday, May 5th. Finally, Cowen and Company cut their price objective on shares of Tailored Brands from $23.00 to $12.00 and set a “market perform” rating for the company in a research report on Friday, June 9th.
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In related news, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now directly owns 22,757 shares of the company’s stock, valued at $247,141.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jack Calandra acquired 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the chief financial officer now directly owns 31,026 shares of the company’s stock, valued at $294,747. The disclosure for this purchase can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Tailored Brands during the second quarter worth about $288,000. Schneider Capital Management Corp boosted its position in shares of Tailored Brands by 18.1% in the second quarter. Schneider Capital Management Corp now owns 248,085 shares of the company’s stock worth $2,769,000 after buying an additional 38,085 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Tailored Brands during the second quarter worth about $118,000. The Manufacturers Life Insurance Company boosted its position in shares of Tailored Brands by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 39,160 shares of the company’s stock worth $437,000 after buying an additional 1,249 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Tailored Brands by 165.1% in the second quarter. Cubist Systematic Strategies LLC now owns 32,428 shares of the company’s stock worth $362,000 after buying an additional 20,196 shares during the period.
Shares of Tailored Brands (NASDAQ TLRD) traded down 1.59% during trading on Tuesday, reaching $10.51. The company had a trading volume of 1,109,181 shares. The company has a market cap of $515.49 million and a price-to-earnings ratio of 20.37. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $28.76. The firm has a 50 day moving average price of $11.57 and a 200 day moving average price of $14.07.
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, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million for the quarter, compared to analyst estimates of $793.27 million. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. Analysts predict that Tailored Brands will post $1.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be given a $0.18 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.85%.
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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