Tailored Brands Inc (TLRD) Given Consensus Recommendation of “Buy” by Brokerages

Tailored Brands Inc (NYSE:TLRD) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.71.

A number of brokerages have commented on TLRD. ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, December 1st. BidaskClub raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. Finally, FBR & Co reaffirmed a “buy” rating and set a $16.00 price target on shares of Tailored Brands in a research note on Thursday, September 21st.

Shares of Tailored Brands (NYSE:TLRD) opened at $22.02 on Friday. The company has a market cap of $1,080.00, a price-to-earnings ratio of 16.19, a PEG ratio of 0.62 and a beta of 1.88. Tailored Brands has a 52-week low of $9.40 and a 52-week high of $24.11. The company has a debt-to-equity ratio of -97.85, a quick ratio of 0.52 and a current ratio of 2.48.

Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.21. The firm had revenue of $810.80 million for the quarter, compared to the consensus estimate of $807.51 million. Tailored Brands had a net margin of 2.07% and a negative return on equity of 137.16%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. analysts anticipate that Tailored Brands will post 2.08 earnings per share for the current fiscal year.

In other Tailored Brands news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total value of $29,809.48. Following the completion of the sale, the director now directly owns 39,098 shares of the company’s stock, valued at approximately $906,291.64. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Tailored Brands by 19.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock worth $121,225,000 after acquiring an additional 1,770,480 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tailored Brands by 102.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock worth $13,004,000 after acquiring an additional 590,036 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Tailored Brands during the 2nd quarter worth approximately $4,206,000. Fiera Capital Corp raised its stake in shares of Tailored Brands by 319.4% during the 2nd quarter. Fiera Capital Corp now owns 450,000 shares of the company’s stock worth $5,022,000 after acquiring an additional 342,700 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in shares of Tailored Brands during the 2nd quarter worth approximately $3,631,000.

TRADEMARK VIOLATION WARNING: “Tailored Brands Inc (TLRD) Given Consensus Recommendation of “Buy” by Brokerages” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2018/01/19/tailored-brands-inc-tlrd-given-consensus-recommendation-of-buy-by-brokerages.html.

Tailored Brands Company Profile

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.

Analyst Recommendations for Tailored Brands (NYSE:TLRD)

Receive News & Ratings for Tailored Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply