Tailored Brands (NYSE:TLRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, March 16th.
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. “
Separately, ValuEngine raised Tailored Brands from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.33.
Shares of NYSE TLRD traded up $0.09 during midday trading on Friday, hitting $28.31. The stock had a trading volume of 884,420 shares, compared to its average volume of 1,295,532. The stock has a market capitalization of $1,389.64, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.70 and a beta of 1.76. Tailored Brands has a fifty-two week low of $9.40 and a fifty-two week high of $28.79. The company has a debt-to-equity ratio of 634.61, a quick ratio of 0.59 and a current ratio of 2.51.
In other Tailored Brands news, CEO Douglas Scott Ewert sold 55,005 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $23.66, for a total transaction of $1,301,418.30. Following the transaction, the chief executive officer now owns 326,850 shares of the company’s stock, valued at $7,733,271. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of TLRD. Frontier Capital Management Co. LLC grew its position in shares of Tailored Brands by 45.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,853,108 shares of the company’s stock valued at $40,453,000 after purchasing an additional 579,626 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Tailored Brands by 335.3% in the fourth quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock valued at $14,112,000 after buying an additional 497,921 shares during the period. SG Capital Management LLC bought a new stake in shares of Tailored Brands in the fourth quarter valued at approximately $9,633,000. American Century Companies Inc. boosted its stake in shares of Tailored Brands by 948.8% in the third quarter. American Century Companies Inc. now owns 359,219 shares of the company’s stock valued at $5,187,000 after buying an additional 324,969 shares during the period. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Tailored Brands in the fourth quarter valued at approximately $6,176,000.
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About Tailored Brands
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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