BidaskClub upgraded shares of Tailored Brands Inc (NASDAQ:TLRD) from a hold rating to a buy rating in a report released on Wednesday, October 25th.
TLRD has been the topic of a number of other reports. FBR & Co reiterated an outperform rating and issued a $16.00 price objective on shares of Tailored Brands in a research note on Tuesday, July 11th. Jefferies Group LLC reissued a hold rating and issued a $13.00 target price (up previously from $12.00) on shares of Tailored Brands in a report on Friday, September 8th. ValuEngine lowered Tailored Brands from a buy rating to a hold rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Tailored Brands from a buy rating to a hold rating in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $16.86.
Tailored Brands (NASDAQ TLRD) traded down $0.10 during trading hours on Wednesday, reaching $15.63. The company’s stock had a trading volume of 720,100 shares, compared to its average volume of 1,539,476. Tailored Brands has a 52 week low of $9.40 and a 52 week high of $28.76.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings data on Thursday, September 7th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.26. The business had revenue of $851.00 million during the quarter, compared to analyst estimates of $868.22 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be given a $0.18 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a yield of 4.61%. Tailored Brands’s payout ratio is currently 60.50%.
Several hedge funds have recently bought and sold shares of TLRD. Leucadia National Corp purchased a new position in shares of Tailored Brands during the 2nd quarter worth approximately $181,000. Vanguard Group Inc. grew its stake in Tailored Brands by 55.6% in the 1st quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock worth $135,834,000 after acquiring an additional 3,248,995 shares during the period. Boston Partners grew its stake in Tailored Brands by 1.8% in the 2nd quarter. Boston Partners now owns 2,260,055 shares of the company’s stock worth $25,222,000 after acquiring an additional 39,733 shares during the period. Quantitative Investment Management LLC purchased a new stake in Tailored Brands in the 2nd quarter worth approximately $4,206,000. Finally, Mason Street Advisors LLC grew its stake in Tailored Brands by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock worth $170,000 after acquiring an additional 757 shares during the period.
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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