Analysts expect Tailored Brands Inc (NYSE:TLRD) to announce $829.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Tailored Brands’ earnings. The highest sales estimate is $840.17 million and the lowest is $818.00 million. Tailored Brands posted sales of $810.82 million during the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, December 12th.
According to Zacks, analysts expect that Tailored Brands will report full-year sales of $3.30 billion for the current year. For the next year, analysts expect that the business will post sales of $3.36 billion, with estimates ranging from $3.34 billion to $3.38 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Tailored Brands.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, September 12th. The company reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. The company had revenue of $823.00 million for the quarter, compared to analyst estimates of $828.36 million. Tailored Brands had a net margin of 3.01% and a negative return on equity of 933.71%. Tailored Brands’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS.
TLRD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Tailored Brands from a “sell” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday, September 1st. Deutsche Bank decreased their target price on shares of Tailored Brands from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, August 20th. Finally, ValuEngine lowered shares of Tailored Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
In other Tailored Brands news, Director David H. Edwab sold 15,000 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $25.54, for a total value of $383,100.00. Following the transaction, the director now directly owns 36,217 shares in the company, valued at approximately $924,982.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Teachers Advisors LLC lifted its holdings in shares of Tailored Brands by 3.7% in the 3rd quarter. Teachers Advisors LLC now owns 97,251 shares of the company’s stock worth $2,450,000 after acquiring an additional 3,474 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Tailored Brands by 23.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 18,527 shares of the company’s stock worth $467,000 after acquiring an additional 3,500 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Tailored Brands by 308.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,651 shares of the company’s stock worth $117,000 after acquiring an additional 3,512 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Tailored Brands by 9.4% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 48,700 shares of the company’s stock worth $1,227,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Bridgeway Capital Management Inc. lifted its holdings in shares of Tailored Brands by 1.9% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 229,900 shares of the company’s stock worth $5,791,000 after acquiring an additional 4,300 shares during the last quarter.
NYSE:TLRD traded up $0.03 on Monday, hitting $23.05. The stock had a trading volume of 2,115,100 shares, compared to its average volume of 1,338,966. The company has a debt-to-equity ratio of 120,737.00, a current ratio of 2.12 and a quick ratio of 0.46. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.58 and a beta of 1.63. Tailored Brands has a 1-year low of $18.90 and a 1-year high of $35.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.72 annualized dividend and a yield of 3.12%. Tailored Brands’s payout ratio is 32.73%.
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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