Analysts expect that Tailored Brands Inc (NYSE:TLRD) will report $789.81 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Tailored Brands’ earnings. The lowest sales estimate is $789.38 million and the highest is $790.23 million. Tailored Brands posted sales of $823.43 million during the same quarter last year, which would indicate a negative year over year growth rate of 4.1%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, September 11th.
On average, analysts expect that Tailored Brands will report full-year sales of $3.15 billion for the current fiscal year, with estimates ranging from $3.14 billion to $3.15 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.17 billion, with estimates ranging from $3.16 billion to $3.18 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Tailored Brands.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. The firm had revenue of $781.40 million for the quarter, compared to analysts’ expectations of $776.22 million. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share.
Several research firms have recently weighed in on TLRD. B. Riley decreased their price target on shares of Tailored Brands from $7.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, June 13th. Zacks Investment Research cut shares of Tailored Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Tailored Brands has a consensus rating of “Hold” and a consensus price target of $19.67.
Shares of Tailored Brands stock traded up $0.68 during trading on Monday, hitting $5.06. The stock had a trading volume of 4,262,300 shares, compared to its average volume of 1,724,991. The firm has a market cap of $255.63 million, a price-to-earnings ratio of 2.19 and a beta of 1.91. Tailored Brands has a 12 month low of $4.23 and a 12 month high of $28.78. The business’s 50-day moving average is $5.25 and its 200 day moving average is $7.83. The company has a current ratio of 1.39, a quick ratio of 0.22 and a debt-to-equity ratio of 317.61.
Institutional investors have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new position in Tailored Brands in the first quarter valued at $33,000. Investors Research Corp bought a new position in Tailored Brands in the first quarter valued at $46,000. Cambria Investment Management L.P. bought a new position in Tailored Brands in the first quarter valued at $54,000. Neuburgh Advisers LLC increased its stake in Tailored Brands by 83.4% in the second quarter. Neuburgh Advisers LLC now owns 10,272 shares of the company’s stock valued at $59,000 after acquiring an additional 4,672 shares during the last quarter. Finally, First Allied Advisory Services Inc. bought a new position in Tailored Brands in the second quarter valued at $61,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.
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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