Tailored Brands Inc (NYSE:TLRD) gapped up before the market opened on Tuesday . The stock had previously closed at $6.03, but opened at $6.19. Tailored Brands shares last traded at $6.78, with a volume of 6,651,799 shares traded.
TLRD has been the topic of several research reports. Zacks Investment Research lowered shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. B. Riley reduced their target price on shares of Tailored Brands from $7.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, June 13th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.
The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $6.96. The firm has a market capitalization of $278.87 million, a P/E ratio of 2.94 and a beta of 1.82. The company has a debt-to-equity ratio of 317.61, a current ratio of 1.39 and a quick ratio of 0.22.
Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, June 12th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The firm had revenue of $781.40 million for the quarter, compared to analyst estimates of $776.22 million. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. On average, research analysts anticipate that Tailored Brands Inc will post 1.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 17th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.62%. The ex-dividend date is Monday, September 16th. Tailored Brands’s dividend payout ratio (DPR) is currently 31.17%.
A number of institutional investors have recently made changes to their positions in TLRD. Meridian Wealth Management LLC purchased a new stake in Tailored Brands during the first quarter valued at about $33,000. Cambria Investment Management L.P. bought a new stake in shares of Tailored Brands in the first quarter valued at approximately $54,000. Neuburgh Advisers LLC raised its position in shares of Tailored Brands by 83.4% in the second quarter. Neuburgh Advisers LLC now owns 10,272 shares of the company’s stock valued at $59,000 after purchasing an additional 4,672 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Tailored Brands during the 1st quarter valued at approximately $81,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Tailored Brands during the 2nd quarter valued at approximately $61,000. Institutional investors and hedge funds own 99.81% of the company’s stock.
About Tailored Brands (NYSE:TLRD)
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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