Tailored Brands (NYSE:TLRD) Price Target Lowered to $5.00 at B. Riley

Tailored Brands (NYSE:TLRD) had its price objective cut by analysts at B. Riley from $6.00 to $5.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price target would suggest a potential upside of 21.07% from the stock’s current price. B. Riley also issued estimates for Tailored Brands’ FY2020 earnings at $1.03 EPS, Q1 2021 earnings at $0.24 EPS, Q3 2021 earnings at $0.64 EPS and FY2021 earnings at $1.23 EPS.

A number of other analysts have also weighed in on TLRD. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. 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.

Shares of NYSE TLRD opened at $4.13 on Thursday. Tailored Brands has a 1 year low of $3.70 and a 1 year high of $15.19. The stock has a market cap of $245.62 million, a P/E ratio of 3.79 and a beta of 1.85. The firm has a 50-day moving average of $5.07 and a 200 day moving average of $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.

Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $729.50 million during the quarter, compared to analyst estimates of $715.43 million. Tailored Brands had a negative net margin of 1.36% and a positive return on equity of 4,661.72%. Tailored Brands’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. Research analysts expect that Tailored Brands will post 1.07 earnings per share for the current fiscal year.

In related news, EVP A Alexander Rhodes purchased 13,369 shares of Tailored Brands stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of $3.87 per share, for a total transaction of $51,738.03. Following the completion of the purchase, the executive vice president now directly owns 56,255 shares of the company’s stock, valued at approximately $217,706.85. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Carrie Ann Ask purchased 17,000 shares of Tailored Brands stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of $3.78 per share, with a total value of $64,260.00. Following the completion of the purchase, the insider now directly owns 37,099 shares of the company’s stock, valued at $140,234.22. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 69,369 shares of company stock valued at $291,598. 2.60% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in TLRD. Q Global Advisors LLC bought a new stake in shares of Tailored Brands in the second quarter worth approximately $12,505,000. Balyasny Asset Management LLC bought a new stake in shares of Tailored Brands in the second quarter worth approximately $9,923,000. Scion Asset Management LLC grew its stake in shares of Tailored Brands by 112.8% in the second quarter. Scion Asset Management LLC now owns 1,850,000 shares of the company’s stock worth $10,675,000 after acquiring an additional 980,800 shares during the period. Coatue Management LLC bought a new stake in shares of Tailored Brands in the second quarter worth approximately $2,105,000. Finally, BlackRock Inc. grew its stake in shares of Tailored Brands by 4.8% in the second quarter. BlackRock Inc. now owns 7,519,333 shares of the company’s stock worth $43,386,000 after acquiring an additional 346,005 shares during the period. Hedge funds and other institutional investors own 82.95% of the company’s stock.

Tailored Brands Company Profile

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.

Featured Article: What is total return in investing?

Receive News & Ratings for Tailored Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands and related companies with MarketBeat.com's FREE daily email newsletter.