Tailored Brands (NYSE:TLRD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
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 equities analysts have also commented on TLRD. Deutsche Bank reduced their target price on shares of Tailored Brands from $31.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, August 20th. ValuEngine lowered shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.
Tailored Brands stock opened at $21.71 on Wednesday. The company has a debt-to-equity ratio of 120,737.00, a quick ratio of 0.46 and a current ratio of 2.12. Tailored Brands has a 1-year low of $14.57 and a 1-year high of $35.94. The stock has a market capitalization of $1.08 billion, a P/E ratio of 9.87, a PEG ratio of 0.54 and a beta of 1.76.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, September 12th. The company reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. The company had revenue of $823.00 million for the quarter, compared to analyst estimates of $828.36 million. Tailored Brands had a net margin of 3.01% and a negative return on equity of 933.71%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. Sell-side analysts expect that Tailored Brands will post 2.5 EPS for the current fiscal year.
In other news, Director David H. Edwab sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $25.54, for a total transaction of $383,100.00. Following the transaction, the director now directly owns 36,217 shares of the company’s stock, valued at $924,982.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Wolverine Asset Management LLC increased its position in shares of Tailored Brands by 18.9% during the second quarter. Wolverine Asset Management LLC now owns 127,346 shares of the company’s stock worth $3,249,000 after acquiring an additional 20,201 shares during the period. James Investment Research Inc. purchased a new position in shares of Tailored Brands during the second quarter worth approximately $3,309,000. Hartford Investment Management Co. purchased a new position in shares of Tailored Brands during the second quarter worth approximately $305,000. Dimensional Fund Advisors LP increased its position in shares of Tailored Brands by 15.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,833 shares of the company’s stock worth $28,299,000 after acquiring an additional 148,217 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Tailored Brands during the second quarter worth approximately $268,000. 99.93% of the stock is currently owned by institutional investors and hedge funds.
Tailored Brands Company Profile
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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