Tailored Brands (TLRD) Stock Price Down 6.2%

Tailored Brands Inc (NYSE:TLRD) shares fell 6.2% during trading on Thursday . The stock traded as low as $5.67 and last traded at $5.89. 2,786,639 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 1,671,933 shares. The stock had previously closed at $6.28.

Several brokerages have commented on TLRD. B. Riley downgraded Tailored Brands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $11.00 in a research note on Thursday, March 14th. Zacks Investment Research raised Tailored Brands from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Tailored Brands has a consensus rating of “Hold” and an average price target of $19.67.

The firm has a market cap of $326.17 million, a price-to-earnings ratio of 2.55 and a beta of 1.70. The company has a debt-to-equity ratio of 317.61, a current ratio of 1.91 and a quick ratio of 0.37.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a $0.18 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.72 annualized dividend and a dividend yield of 12.22%. Tailored Brands’s payout ratio is currently 31.17%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Tailored Brands by 0.5% during the 4th quarter. BlackRock Inc. now owns 7,127,298 shares of the company’s stock valued at $97,216,000 after buying an additional 36,126 shares in the last quarter. Gotham Asset Management LLC raised its holdings in shares of Tailored Brands by 31.2% during the 4th quarter. Gotham Asset Management LLC now owns 421,915 shares of the company’s stock valued at $5,755,000 after buying an additional 100,390 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Tailored Brands during the 4th quarter valued at about $390,000. Bank of America Corp DE raised its holdings in shares of Tailored Brands by 44.1% during the 4th quarter. Bank of America Corp DE now owns 337,169 shares of the company’s stock valued at $4,598,000 after buying an additional 103,149 shares in the last quarter. Finally, Investment Management of Virginia LLC purchased a new position in shares of Tailored Brands during the 1st quarter valued at about $1,361,000. 99.99% of the stock is currently owned by institutional investors.

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Tailored Brands Company Profile (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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