Zacks Investment Research lowered shares of Tailored Brands (NYSE:TLRD) from a hold rating to a sell rating in a research report report published 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. “
Several other research firms also recently commented on TLRD. Deutsche Bank boosted their price target on shares of Tailored Brands from $28.00 to $29.00 and gave the stock a hold rating in a research note on Wednesday, August 29th. ValuEngine downgraded shares of Tailored Brands from a hold rating to a sell rating in a research note on Tuesday, October 2nd.
Tailored Brands stock opened at $14.48 on Wednesday. Tailored Brands has a fifty-two week low of $13.77 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 123.20, a current ratio of 1.94 and a quick ratio of 0.46. The company has a market capitalization of $705.28 million, a P/E ratio of 6.58, a P/E/G ratio of 0.38 and a beta of 1.63.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, December 12th. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The firm had revenue of $812.70 million during the quarter, compared to the consensus estimate of $819.50 million. Tailored Brands had a net margin of 2.31% and a negative return on equity of 2,056.23%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. On average, sell-side analysts expect that Tailored Brands will post 2.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.72 annualized dividend and a dividend yield of 4.97%. Tailored Brands’s dividend payout ratio (DPR) is currently 32.73%.
In other news, Director David H. Edwab sold 15,000 shares of Tailored Brands stock in a transaction 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 completion of the sale, the director now directly owns 36,217 shares of the company’s stock, valued at approximately $924,982.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its position in shares of Tailored Brands by 7.8% during the 3rd quarter. Vanguard Group Inc now owns 11,419,406 shares of the company’s stock worth $287,654,000 after purchasing an additional 826,922 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Tailored Brands by 8.0% during the 3rd quarter. Federated Investors Inc. PA now owns 270,009 shares of the company’s stock worth $6,802,000 after purchasing an additional 20,042 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Tailored Brands during the 3rd quarter worth $2,101,000. Vanguard Group Inc. lifted its position in shares of Tailored Brands by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 11,419,406 shares of the company’s stock worth $287,654,000 after purchasing an additional 826,922 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Tailored Brands by 1.7% during the 3rd quarter. Morgan Stanley now owns 688,031 shares of the company’s stock worth $17,331,000 after purchasing an additional 11,662 shares during the last quarter.
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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