Tailored Brands Sees Unusually Large Options Volume (TLRD)

Tailored Brands Inc (NYSE:TLRD) saw unusually large options trading on Thursday. Stock traders bought 17,914 put options on the company. This represents an increase of 8,993% compared to the average volume of 197 put options.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, December 1st. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Tailored Brands in a research note on Wednesday, November 1st. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, FBR & Co reiterated a “buy” rating and set a $16.00 target price on shares of Tailored Brands in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Tailored Brands currently has a consensus rating of “Buy” and an average price target of $17.71.

A number of institutional investors have recently made changes to their positions in TLRD. Vanguard Group Inc. raised its stake in Tailored Brands by 19.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,862,375 shares of the company’s stock valued at $121,225,000 after acquiring an additional 1,770,480 shares during the period. JPMorgan Chase & Co. increased its position in shares of Tailored Brands by 102.6% during the second quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock valued at $13,004,000 after buying an additional 590,036 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of Tailored Brands during the second quarter valued at about $4,206,000. Fiera Capital Corp increased its position in shares of Tailored Brands by 319.4% during the second quarter. Fiera Capital Corp now owns 450,000 shares of the company’s stock valued at $5,022,000 after buying an additional 342,700 shares during the period. Finally, Numeric Investors LLC bought a new stake in shares of Tailored Brands during the second quarter valued at about $3,631,000.

Shares of Tailored Brands (NYSE:TLRD) opened at $19.54 on Friday. Tailored Brands has a 52 week low of $9.40 and a 52 week high of $28.76. The stock has a market capitalization of $960.73, a PE ratio of 9.90, a P/E/G ratio of 0.57 and a beta of 1.90. The company has a quick ratio of 0.56, a current ratio of 2.48 and a debt-to-equity ratio of -97.85.

Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.21. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. The business had revenue of $810.80 million for the quarter, compared to analysts’ expectations of $807.51 million. During the same period in the previous year, the business posted $0.68 EPS. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. equities analysts anticipate that Tailored Brands will post 2.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Monday, December 11th. Tailored Brands’s dividend payout ratio is currently 52.94%.

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About Tailored Brands

Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.

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