Tailored Brands (NYSE:TLRD) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.95.
Shares of NYSE:TLRD traded down $0.36 on Wednesday, hitting $5.54. 3,370,190 shares of the company’s stock were exchanged, compared to its average volume of 2,037,467. Tailored Brands has a 12 month low of $5.13 and a 12 month high of $34.94. The company has a market cap of $279.01 million, a price-to-earnings ratio of 2.40 and a beta of 1.93. The company has a current ratio of 1.91, a quick ratio of 0.37 and a debt-to-equity ratio of 317.61.
Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.01. The business had revenue of $785.76 million during the quarter, compared to the consensus estimate of $801.24 million. Tailored Brands had a negative return on equity of 1,944.45% and a net margin of 2.57%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, equities research analysts predict that Tailored Brands will post 1.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.72 annualized dividend and a dividend yield of 13.00%. Tailored Brands’s payout ratio is currently 31.17%.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Tailored Brands from a hold rating to a sell rating in a report on Thursday, February 21st. B. Riley downgraded Tailored Brands from a buy rating to a neutral rating and decreased their price objective for the company from $20.00 to $11.00 in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Tailored Brands presently has an average rating of Hold and an average target price of $19.67.
In other news, CAO Brian T. Vaclavik bought 4,250 shares of Tailored Brands stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $8.16 per share, for a total transaction of $34,680.00. Following the completion of the acquisition, the chief accounting officer now owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carrie Ann Ask bought 13,500 shares of Tailored Brands stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $7.41 per share, with a total value of $100,035.00. Following the completion of the acquisition, the insider now directly owns 20,962 shares of the company’s stock, valued at approximately $155,328.42. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.
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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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