Zacks Investment Research upgraded shares of Tailored Brands Inc. (NYSE:TLRD) from a hold rating to a buy rating in a research note published on Tuesday. Zacks Investment Research currently has $18.00 price target on the stock.
According to Zacks, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. “
Other research analysts also recently issued research reports about the stock. Deutsche Bank AG dropped their target price on shares of Tailored Brands from $23.00 to $22.00 and set a buy rating for the company in a report on Monday, August 8th. Mizuho upped their target price on shares of Tailored Brands from $14.00 to $17.00 and gave the stock a neutral rating in a report on Thursday, September 8th. Stifel Nicolaus reaffirmed a hold rating and issued a $18.00 target price (up previously from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Johnson Rice raised shares of Tailored Brands from a hold rating to an accumulate rating in a report on Thursday, September 1st. Finally, Wunderlich assumed coverage on shares of Tailored Brands in a report on Tuesday, August 2nd. They issued a buy rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued 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 price target of $18.00.
Shares of Tailored Brands (NYSE:TLRD) opened at 16.55 on Tuesday. The company has a 50 day moving average price of $15.41 and a 200-day moving average price of $14.81. The stock’s market cap is $805.89 million. Tailored Brands has a 12 month low of $9.95 and a 12 month high of $42.64.
Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The company earned $909 million during the quarter, compared to the consensus estimate of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. Tailored Brands’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, equities research analysts predict that Tailored Brands will post $1.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Tuesday, December 13th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, December 9th. Tailored Brands’s dividend payout ratio is -3.29%.
Hedge funds have recently made changes to their positions in the stock. FineMark National Bank & Trust boosted its stake in shares of Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock valued at $114,000 after buying an additional 8,468 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of Tailored Brands during the second quarter valued at about $120,000. Bank of Montreal Can acquired a new stake in shares of Tailored Brands during the second quarter valued at about $122,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Tailored Brands during the second quarter valued at about $129,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Tailored Brands during the third quarter valued at about $142,000.
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.