Tailored Brands (NYSE:TLRD) Given New $6.00 Price Target at B. Riley

Tailored Brands (NYSE:TLRD) had its price objective increased by B. Riley from $5.00 to $6.00 in a research note published on Thursday, BenzingaRatingsTable reports. B. Riley currently has a neutral rating on the stock. B. Riley also issued estimates for Tailored Brands’ Q1 2021 earnings at $0.32 EPS, Q2 2021 earnings at $0.79 EPS, Q3 2021 earnings at $0.52 EPS and Q4 2021 earnings at ($0.30) EPS.

Separately, Zacks Investment Research lowered shares of Tailored Brands from a hold rating to a sell rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Tailored Brands has a consensus rating of Hold and an average price target of $15.00.

NYSE TLRD traded up $0.06 during trading on Thursday, hitting $5.09. The stock had a trading volume of 277,985 shares, compared to its average volume of 3,745,293. The stock has a 50 day simple moving average of $5.07 and a 200 day simple moving average of $6.93. The company has a debt-to-equity ratio of 317.61, a quick ratio of 0.22 and a current ratio of 1.39. Tailored Brands has a one year low of $4.21 and a one year high of $28.78. The stock has a market capitalization of $253.36 million, a price-to-earnings ratio of 2.21 and a beta of 1.83.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08. The firm had revenue of $789.50 million during the quarter, compared to the consensus estimate of $788.98 million. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, sell-side analysts predict that Tailored Brands will post 1.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 14.15%. The ex-dividend date of this dividend is Monday, September 16th. Tailored Brands’s dividend payout ratio is currently 31.17%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Tailored Brands during the second quarter worth $572,000. Clear Creek Financial Management LLC acquired a new stake in shares of Tailored Brands during the second quarter worth $568,000. UBS Asset Management Americas Inc. lifted its stake in shares of Tailored Brands by 103.5% during the second quarter. UBS Asset Management Americas Inc. now owns 40,262 shares of the company’s stock worth $232,000 after buying an additional 20,480 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of Tailored Brands by 120.0% during the second quarter. Cubist Systematic Strategies LLC now owns 157,268 shares of the company’s stock worth $907,000 after buying an additional 85,784 shares during the period. Finally, Q Global Advisors LLC acquired a new stake in shares of Tailored Brands during the second quarter worth $12,505,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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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