Tailored Brands (NYSE:TLRD) Downgraded by Zacks Investment Research

Tailored Brands (NYSE:TLRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, February 7th.

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. “

A number of other research analysts have also issued reports on the stock. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. B. Riley reissued a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.71.

Tailored Brands (NYSE:TLRD) traded down $0.01 during midday trading on Wednesday, hitting $23.31. 1,787,930 shares of the stock traded hands, compared to its average volume of 1,254,512. Tailored Brands has a 1-year low of $9.40 and a 1-year high of $26.03. The company has a debt-to-equity ratio of -97.85, a current ratio of 2.48 and a quick ratio of 0.52. The firm has a market cap of $1,148.35, a price-to-earnings ratio of 17.14, a PEG ratio of 0.64 and a beta of 1.99.

Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The firm had revenue of $810.80 million during the quarter, compared to analyst estimates of $807.51 million. Tailored Brands had a net margin of 2.07% and a negative return on equity of 137.16%. Tailored Brands’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. equities research analysts expect that Tailored Brands will post 2.09 earnings per share for the current year.

In related news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total value of $29,809.48. Following the sale, the director now directly owns 39,098 shares in the company, valued at approximately $906,291.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Tailored Brands during the second quarter valued at approximately $118,000. GSA Capital Partners LLP raised its holdings in shares of Tailored Brands by 19.3% during the second quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after acquiring an additional 2,053 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Tailored Brands by 7.4% during the second quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock valued at $163,000 after acquiring an additional 1,000 shares during the period. PEAK6 Investments L.P. acquired a new stake in shares of Tailored Brands during the third quarter valued at approximately $199,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Tailored Brands during the fourth quarter valued at approximately $205,000.

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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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