Tailored Brands (NYSE:TLRD) Shares Gap Up to $6.19

Tailored Brands Inc (NYSE:TLRD)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $6.03, but opened at $6.19. Tailored Brands shares last traded at $6.78, with a volume of 6,651,799 shares traded.

A number of brokerages have recently issued reports on TLRD. B. Riley dropped their price target on shares of Tailored Brands from $7.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, June 13th. Zacks Investment Research cut shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.00.

The company has a debt-to-equity ratio of 317.61, a quick ratio of 0.22 and a current ratio of 1.39. The stock has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $6.96. The stock has a market capitalization of $278.87 million, a price-to-earnings ratio of 2.94 and a beta of 1.82.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The firm had revenue of $781.40 million during the quarter, compared to analyst estimates of $776.22 million. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. Research analysts forecast that Tailored Brands Inc will post 1.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.62%. The ex-dividend date is Monday, September 16th. Tailored Brands’s payout ratio is 31.17%.

Hedge funds have recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new stake in shares of Tailored Brands in the 1st quarter valued at $33,000. Cambria Investment Management L.P. acquired a new position in shares of Tailored Brands during the 1st quarter valued at $54,000. Neuburgh Advisers LLC boosted its stake in 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 acquiring an additional 4,672 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in Tailored Brands during the second quarter worth $61,000. Finally, Tower Research Capital LLC TRC boosted its stake in Tailored Brands by 311.7% during the second quarter. Tower Research Capital LLC TRC now owns 11,383 shares of the company’s stock worth $66,000 after acquiring an additional 8,618 shares in the last quarter. 99.81% 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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