Tailored Brands (TLRD) Given a $10.00 Price Target at B. Riley

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B. Riley set a $10.00 price target on Tailored Brands (NYSE:TLRD) in a report published on Friday, TipRanks reports. The firm currently has a hold rating on the stock. B. Riley also issued estimates for Tailored Brands’ Q2 2020 earnings at $0.98 EPS, Q3 2020 earnings at $0.95 EPS and FY2020 earnings at $1.90 EPS.

Separately, Zacks Investment Research lowered shares of Tailored Brands from a hold rating to a sell rating in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of Hold and a consensus target price of $19.67.

Tailored Brands stock traded up $0.10 during mid-day trading on Friday, hitting $7.25. The company had a trading volume of 1,651,648 shares, compared to its average volume of 1,897,355. The firm has a market capitalization of $358.79 million, a P/E ratio of 3.14 and a beta of 1.70. Tailored Brands has a 1 year low of $7.02 and a 1 year high of $35.86. The company has a quick ratio of 0.37, a current ratio of 1.91 and a debt-to-equity ratio of 317.61.

Tailored Brands (NYSE:TLRD) last announced its earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $785.76 million for the quarter, compared to analyst estimates of $801.24 million. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, research analysts expect that Tailored Brands will post 1.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.93%. Tailored Brands’s dividend payout ratio (DPR) is presently 31.17%.

In other Tailored Brands news, insider Carrie Ann Ask bought 13,500 shares of the stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $7.41 per share, for a total transaction of $100,035.00. Following the completion of the transaction, the insider now owns 20,962 shares in the company, valued at approximately $155,328.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian T. Vaclavik bought 4,250 shares of the stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $8.16 per share, for a total transaction of $34,680.00. Following the completion of the transaction, the chief accounting officer now owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TLRD. Norges Bank purchased a new position in shares of Tailored Brands during the fourth quarter worth approximately $9,134,000. IPG Investment Advisors LLC acquired a new stake in shares of Tailored Brands during the first quarter worth $4,935,000. AQR Capital Management LLC lifted its holdings in shares of Tailored Brands by 117.0% during the first quarter. AQR Capital Management LLC now owns 690,727 shares of the company’s stock worth $5,415,000 after purchasing an additional 372,459 shares during the period. Moon Capital Management LP lifted its holdings in shares of Tailored Brands by 123.9% during the fourth quarter. Moon Capital Management LP now owns 547,875 shares of the company’s stock worth $7,473,000 after purchasing an additional 303,209 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Tailored Brands by 52.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 749,904 shares of the company’s stock worth $5,880,000 after purchasing an additional 256,841 shares during the period. Institutional investors and hedge funds own 98.79% of the company’s stock.

Tailored Brands Company Profile

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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