Tailored Brands (NYSE:TLRD) Trading 5.4% Higher

Tailored Brands Inc (NYSE:TLRD)’s share price traded up 5.4% during trading on Thursday . The company traded as high as $4.97 and last traded at $4.91, 250,877 shares were traded during trading. A decline of 88% from the average session volume of 2,029,439 shares. The stock had previously closed at $4.66.

A number of equities research analysts recently commented on the company. B. Riley decreased their target price on Tailored Brands from $7.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, June 13th. Zacks Investment Research raised Tailored Brands from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.67.

The company has a debt-to-equity ratio of 317.61, a current ratio of 1.39 and a quick ratio of 0.22. The stock has a market cap of $235.92 million, a price-to-earnings ratio of 2.10 and a beta of 1.91. The stock has a fifty day moving average of $5.16 and a 200 day moving average of $7.67.

Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, June 12th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The firm had revenue of $781.40 million during the quarter, compared to the consensus estimate of $776.22 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts expect that Tailored Brands Inc will post 1.69 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in TLRD. Bank of America Corp DE lifted its holdings in Tailored Brands by 44.1% in the fourth quarter. Bank of America Corp DE now owns 337,169 shares of the company’s stock valued at $4,598,000 after acquiring an additional 103,149 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tailored Brands by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,233,858 shares of the company’s stock valued at $16,831,000 after acquiring an additional 45,217 shares during the period. Norges Bank acquired a new position in Tailored Brands in the fourth quarter valued at approximately $9,134,000. Deutsche Bank AG lifted its holdings in Tailored Brands by 67.4% in the fourth quarter. Deutsche Bank AG now owns 434,557 shares of the company’s stock valued at $5,925,000 after acquiring an additional 175,010 shares during the period. Finally, Virtu Financial LLC acquired a new position in Tailored Brands in the first quarter valued at approximately $143,000. 95.16% of the stock is owned by institutional investors.

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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