Tailored Brands Inc (NYSE:TLRD) was down 6.1% during mid-day trading on Wednesday . The stock traded as low as $5.31 and last traded at $5.54. Approximately 3,370,190 shares changed hands during trading, an increase of 65% from the average daily volume of 2,037,467 shares. The stock had previously closed at $5.90.
Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. B. Riley set a $10.00 price target on shares of Tailored Brands and gave the stock a “hold” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.67.
The firm has a market capitalization of $279.01 million, a PE ratio of 2.40 and a beta of 1.93. The company has a current ratio of 1.91, a quick ratio of 0.37 and a debt-to-equity ratio of 317.61.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.01. The business had revenue of $785.76 million during the quarter, compared to the consensus estimate of $801.24 million. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts forecast that Tailored Brands Inc will post 1.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.00%. Tailored Brands’s dividend payout ratio is currently 31.17%.
In related news, CAO Brian T. Vaclavik acquired 4,250 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $8.16 per share, with a total value of $34,680.00. Following the transaction, the chief accounting officer now owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carrie Ann Ask acquired 13,500 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $7.41 per share, with a total value of $100,035.00. Following the transaction, the insider now directly owns 20,962 shares in the company, valued at approximately $155,328.42. The disclosure for this purchase can be found here. 2.60% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of TLRD. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Tailored Brands by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,637 shares of the company’s stock valued at $50,000 after buying an additional 1,206 shares during the period. Advisor Group Inc. boosted its position in Tailored Brands by 86.0% in the 1st quarter. Advisor Group Inc. now owns 4,153 shares of the company’s stock valued at $33,000 after buying an additional 1,920 shares during the period. Meridian Wealth Management LLC purchased a new position in Tailored Brands in the 1st quarter valued at approximately $33,000. NumerixS Investment Technologies Inc purchased a new position in Tailored Brands in the 1st quarter valued at approximately $40,000. Finally, Neuburgh Advisers LLC boosted its position in Tailored Brands by 17.4% in the 4th quarter. Neuburgh Advisers LLC now owns 5,600 shares of the company’s stock valued at $76,000 after buying an additional 832 shares during the period. 99.99% of the stock is owned by hedge funds and other institutional investors.
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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