Tailored Brands (NYSE:TLRD) Posts Earnings Results, Beats Expectations By $0.10 EPS

Tailored Brands (NYSE:TLRD) released its earnings results on Wednesday. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10, Briefing.com reports. Tailored Brands had a negative net margin of 1.36% and a positive return on equity of 4,661.72%. The business had revenue of $729.50 million for the quarter, compared to the consensus estimate of $715.43 million. During the same period in the previous year, the firm earned $1.01 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Tailored Brands updated its Q4 2019
After-Hours guidance to $-0.55–0.5 EPS and its Q4 guidance to (0.55)-(0.50) EPS.

TLRD stock opened at $4.13 on Friday. Tailored Brands has a 52-week low of $3.70 and a 52-week high of $15.19. The company’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $5.09. 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 firm has a market capitalization of $245.62 million, a P/E ratio of 3.79 and a beta of 1.85.

TLRD has been the topic of a number of research reports. B. Riley dropped their target price on shares of Tailored Brands from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Friday, November 15th.

In related news, Director Theo Killion acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average cost of $4.64 per share, with a total value of $69,600.00. Following the completion of the transaction, the director now owns 59,754 shares of the company’s stock, valued at approximately $277,258.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dinesh S. Lathi acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were bought at an average cost of $4.00 per share, for a total transaction of $40,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,267 shares of the company’s stock, valued at approximately $261,068. The disclosure for this purchase can be found here. Insiders have bought 69,369 shares of company stock worth $291,598 in the last 90 days. 2.60% of the stock is owned by company insiders.

About Tailored Brands

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.

See Also: Equal Weight Rating

Earnings History for Tailored Brands (NYSE:TLRD)

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