Tailored Brands Inc (TLRD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Tailored Brands Inc (NASDAQ:TLRD) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.00.

TLRD has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “hold” rating and set a $19.00 price objective (down previously from $24.00) on shares of Tailored Brands in a research report on Saturday, March 11th. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, December 13th. Deutsche Bank AG downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating and lowered their price objective for the company from $22.00 to $21.00 in a research report on Monday, December 5th. They noted that the move was a valuation call. Mizuho upgraded shares of Tailored Brands from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.00 to $25.00 in a research report on Thursday, December 8th. Finally, TheStreet upgraded shares of Tailored Brands from a “d” rating to a “c” rating in a research report on Wednesday, March 8th.

Tailored Brands (NASDAQ:TLRD) opened at 14.81 on Tuesday. Tailored Brands has a 1-year low of $10.90 and a 1-year high of $28.76. The company has a 50-day moving average of $20.88 and a 200-day moving average of $19.38. The stock has a market capitalization of $721.50 million and a price-to-earnings ratio of 29.04.

Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings data on Wednesday, March 8th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.07. The company had revenue of $793 million for the quarter, compared to the consensus estimate of $811.36 million. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) EPS. Analysts anticipate that Tailored Brands will post $1.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Tuesday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 10th. This represents a $0.72 dividend on an annualized basis and a yield of 4.86%.

In related news, Director B. Michael Becker acquired 3,980 shares of the stock in a transaction that occurred on Tuesday, December 27th. The shares were bought at an average price of $26.21 per share, for a total transaction of $104,315.80. Following the completion of the transaction, the director now directly owns 15,221 shares in the company, valued at $398,942.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Eminence Capital, Lp acquired 1,110,000 shares of the stock in a transaction that occurred on Monday, January 30th. The shares were bought at an average price of $20.00 per share, for a total transaction of $22,200,000.00. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently modified their holdings of TLRD. Scotia Capital Inc. bought a new stake in shares of Tailored Brands during the fourth quarter valued at $994,000. Frontier Capital Management Co. LLC raised its stake in shares of Tailored Brands by 15.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,361,288 shares of the company’s stock valued at $34,781,000 after buying an additional 184,293 shares in the last quarter. A.R.T. Advisors LLC raised its stake in shares of Tailored Brands by 143.2% in the fourth quarter. A.R.T. Advisors LLC now owns 147,400 shares of the company’s stock valued at $3,766,000 after buying an additional 86,800 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Tailored Brands during the fourth quarter valued at $224,000. Finally, Two Sigma Investments LP raised its stake in shares of Tailored Brands by 413.6% in the fourth quarter. Two Sigma Investments LP now owns 444,323 shares of the company’s stock valued at $11,352,000 after buying an additional 357,809 shares in the last quarter.

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About Tailored Brands

Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.

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