Tailored Brands, Inc. (TLRD) Shares Down 6.7%

Tailored Brands, Inc. (NYSE:TLRD) dropped 6.7% during trading on Tuesday . The company traded as low as $15.83 and last traded at $15.90. Approximately 2,078,270 shares traded hands during trading, an increase of 36% from the average daily volume of 1,532,066 shares. The stock had previously closed at $17.04.

TLRD has been the subject of a number of analyst reports. Zacks Investment Research cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co reaffirmed a “buy” rating and set a $16.00 price objective on shares of Tailored Brands in a research note on Tuesday, September 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. Finally, BidaskClub raised Tailored Brands from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.86.

The company has a debt-to-equity ratio of -32.83, a current ratio of 2.74 and a quick ratio of 0.56. The company has a market cap of $838.29, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.55 and a beta of 1.87.

Tailored Brands (NYSE:TLRD) last posted its earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.26. The firm had revenue of $851.00 million for the quarter, compared to analyst estimates of $868.22 million. Tailored Brands had a negative return on equity of 108.13% and a net margin of 1.79%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. sell-side analysts forecast that Tailored Brands, Inc. will post 1.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be issued 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 yield of 4.53%. Tailored Brands’s dividend payout ratio is presently 60.50%.

Several institutional investors have recently modified their holdings of TLRD. State of Alaska Department of Revenue lifted its holdings in shares of 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 purchasing an additional 4,303 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in shares of 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 purchasing an additional 9,638 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Tailored Brands in the second quarter valued at about $118,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Tailored Brands by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock valued at $129,000 after purchasing an additional 450 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Tailored Brands by 19.3% in the second quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after purchasing an additional 2,053 shares in the last quarter.

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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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