Tailored Brands (NYSE:TLRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “
TLRD has been the topic of a number of other research reports. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. BidaskClub raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Finally, B. Riley reissued a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.71.
Shares of Tailored Brands (NYSE:TLRD) opened at $23.67 on Wednesday. The company has a debt-to-equity ratio of -97.85, a quick ratio of 0.52 and a current ratio of 2.48. The firm has a market cap of $1,165.58, a P/E ratio of 12.02, a P/E/G ratio of 0.65 and a beta of 1.99. Tailored Brands has a twelve month low of $9.40 and a twelve month high of $26.03.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.21. The business had revenue of $810.80 million for 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 quarter in the prior year, the firm posted $0.68 EPS. analysts forecast that Tailored Brands will post 2.09 earnings per share for the current fiscal year.
In other news, Director William B. Sechrest sold 1,286 shares of the stock in a transaction 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 transaction, the director now owns 39,098 shares of the company’s stock, valued at approximately $906,291.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Trexquant Investment LP boosted its stake in shares of Tailored Brands by 433.9% in the 3rd quarter. Trexquant Investment LP now owns 98,095 shares of the company’s stock valued at $1,416,000 after purchasing an additional 79,723 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Tailored Brands by 22.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 38,483 shares of the company’s stock valued at $556,000 after purchasing an additional 6,982 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Tailored Brands by 2,705.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,104 shares of the company’s stock valued at $709,000 after purchasing an additional 47,354 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Tailored Brands by 1.2% in the 2nd quarter. Northern Trust Corp now owns 609,408 shares of the company’s stock valued at $6,801,000 after purchasing an additional 7,291 shares in the last quarter. Finally, 1492 Capital Management LLC boosted its stake in shares of Tailored Brands by 63.3% in the 3rd quarter. 1492 Capital Management LLC now owns 63,566 shares of the company’s stock valued at $918,000 after purchasing an additional 24,633 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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