Wall Street analysts expect Tailored Brands Inc (NYSE:TLRD) to post sales of $841.03 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Tailored Brands’ earnings, with estimates ranging from $840.00 million to $842.06 million. Tailored Brands posted sales of $850.76 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.1%. The business is expected to report its next quarterly earnings results on Thursday, September 6th.
According to Zacks, analysts expect that Tailored Brands will report full year sales of $3.33 billion for the current financial year, with estimates ranging from $3.30 billion to $3.36 billion. For the next year, analysts expect that the firm will report sales of $3.38 billion per share, with estimates ranging from $3.33 billion to $3.44 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Tailored Brands.
Tailored Brands (NYSE:TLRD) last announced its earnings results on Wednesday, June 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Tailored Brands had a net margin of 3.26% and a negative return on equity of 488.59%. The business had revenue of $818.00 million for the quarter, compared to analyst estimates of $794.05 million. During the same quarter last year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, May 30th. Finally, Jefferies Financial Group upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research report on Monday, May 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Tailored Brands currently has an average rating of “Buy” and a consensus target price of $22.33.
In other news, Director Dinesh S. Lathi sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total value of $81,270.00. Following the transaction, the director now directly owns 19,757 shares of the company’s stock, valued at $535,217.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rinaldo S. Brutoco sold 6,260 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $28.55, for a total transaction of $178,723.00. Following the completion of the transaction, the director now directly owns 44,065 shares in the company, valued at $1,258,055.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,265 shares of company stock worth $2,010,531. Insiders own 2.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. Element Capital Management LLC purchased a new position in shares of Tailored Brands in the first quarter worth about $226,000. Crossmark Global Holdings Inc. purchased a new position in Tailored Brands during the fourth quarter worth about $205,000. Xact Kapitalforvaltning AB purchased a new position in Tailored Brands during the first quarter worth about $238,000. Profund Advisors LLC purchased a new position in Tailored Brands during the first quarter worth about $247,000. Finally, Parametrica Management Ltd purchased a new position in Tailored Brands during the first quarter worth about $286,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tailored Brands traded down $0.90, hitting $26.63, during trading on Friday, according to MarketBeat. The company had a trading volume of 2,123,300 shares, compared to its average volume of 1,306,499. Tailored Brands has a fifty-two week low of $9.66 and a fifty-two week high of $35.94. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. The company has a quick ratio of 0.45, a current ratio of 1.97 and a debt-to-equity ratio of -34.32.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Monday, June 18th. Tailored Brands’s dividend payout ratio is currently 32.73%.
About Tailored Brands
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
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