Tailored Brands Inc (TLRD) Receives $27.00 Consensus Target Price from Analysts

Tailored Brands Inc (NYSE:TLRD) has earned an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, March 14th. Finally, Jefferies Financial Group raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, May 14th.

Shares of Tailored Brands traded down $7.78, reaching $25.67, during midday trading on Monday, according to Marketbeat Ratings. 210,386 shares of the stock were exchanged, compared to its average volume of 1,115,511. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.85 and a beta of 1.71. Tailored Brands has a twelve month low of $9.40 and a twelve month high of $35.94. The company has a debt-to-equity ratio of 634.61, a current ratio of 2.51 and a quick ratio of 0.59.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, June 13th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $818.00 million for the quarter, compared to analysts’ expectations of $794.05 million. Tailored Brands had a net margin of 2.93% and a negative return on equity of 245.27%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. analysts anticipate that Tailored Brands will post 2.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Tuesday, June 19th will be paid a $0.18 dividend. The ex-dividend date is Monday, June 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. Tailored Brands’s dividend payout ratio is currently 32.73%.

In related news, Director Rinaldo S. Brutoco sold 6,260 shares of Tailored Brands stock in a transaction on Friday, April 13th. The shares were sold at an average price of $28.55, for a total value of $178,723.00. Following the sale, the director now owns 44,065 shares of the company’s stock, valued at approximately $1,258,055.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David H. Edwab sold 16,000 shares of Tailored Brands stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $28.07, for a total transaction of $449,120.00. Following the completion of the sale, the director now directly owns 45,769 shares in the company, valued at approximately $1,284,735.83. The disclosure for this sale can be found here. Insiders sold a total of 77,265 shares of company stock worth $1,929,261 in the last three months. 2.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. WBI Investments Inc. lifted its holdings in Tailored Brands by 1,933.9% in the 1st quarter. WBI Investments Inc. now owns 602,955 shares of the company’s stock valued at $15,110,000 after purchasing an additional 573,310 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Tailored Brands by 335.3% in the 4th quarter. Wells Fargo & Company MN now owns 646,429 shares of the company’s stock valued at $14,112,000 after purchasing an additional 497,921 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tailored Brands by 32.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 960,616 shares of the company’s stock valued at $24,073,000 after purchasing an additional 233,582 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tailored Brands by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 670,678 shares of the company’s stock valued at $14,640,000 after purchasing an additional 209,343 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in Tailored Brands in the 1st quarter valued at $5,112,000. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

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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