Tailored Brands (NYSE:TLRD) Shares Down 7.8%

Shares of Tailored Brands Inc (NYSE:TLRD) were down 7.8% during trading on Wednesday . The stock traded as low as $4.70 and last traded at $4.71, approximately 1,215,271 shares traded hands during mid-day trading. A decline of 52% from the average daily volume of 2,550,936 shares. The stock had previously closed at $5.11.

A number of research firms have weighed in on TLRD. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Friday, November 15th. Finally, B. Riley raised their price objective on shares of Tailored Brands from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.92.

The stock has a market cap of $243.33 million, a P/E ratio of 2.04 and a beta of 1.80. The company has a debt-to-equity ratio of 418.48, a current ratio of 1.46 and a quick ratio of 0.22. The business’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $5.37.

Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Wednesday, September 11th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Tailored Brands had a return on equity of 2,629.06% and a net margin of 1.94%. The company had revenue of $789.50 million for the quarter, compared to the consensus estimate of $788.98 million. During the same period in the previous year, the business earned $1.07 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts predict that Tailored Brands Inc will post 1.11 earnings per share for the current year.

In other news, CEO Dinesh S. Lathi purchased 10,000 shares of Tailored Brands stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $4.92 per share, for a total transaction of $49,200.00. Following the completion of the transaction, the chief executive officer now directly owns 46,267 shares in the company, valued at $227,633.64. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Theo Killion purchased 15,000 shares of Tailored Brands stock in a transaction on Tuesday, September 17th. The stock was purchased at an average price of $4.64 per share, for a total transaction of $69,600.00. Following the completion of the transaction, the director now owns 59,754 shares of the company’s stock, valued at $277,258.56. The disclosure for this purchase can be found here. Insiders have purchased a total of 69,369 shares of company stock valued at $291,598 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Tailored Brands in the 3rd quarter valued at $31,000. Neuburgh Advisers LLC lifted its position in shares of Tailored Brands by 83.4% during the second quarter. Neuburgh Advisers LLC now owns 10,272 shares of the company’s stock worth $59,000 after purchasing an additional 4,672 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in shares of Tailored Brands during the second quarter worth approximately $61,000. Tower Research Capital LLC TRC grew its stake in shares of Tailored Brands by 311.7% during the second quarter. Tower Research Capital LLC TRC now owns 11,383 shares of the company’s stock valued at $66,000 after purchasing an additional 8,618 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC bought a new stake in shares of Tailored Brands during the third quarter valued at approximately $66,000.

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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