Brokerages expect Tailored Brands (NYSE:TLRD) to announce $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Tailored Brands’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.53. Tailored Brands reported earnings per share of $0.27 in the same quarter last year, which suggests a positive year-over-year growth rate of 77.8%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, June 13th.
On average, analysts expect that Tailored Brands will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.50. For the next year, analysts anticipate that the company will report earnings of $2.89 per share, with EPS estimates ranging from $2.73 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Tailored Brands.
TLRD has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, March 7th. Jefferies Group upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Finally, ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.80.
In other news, CEO Douglas Scott Ewert sold 55,005 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $23.66, for a total value of $1,301,418.30. Following the sale, the chief executive officer now owns 326,850 shares of the company’s stock, valued at approximately $7,733,271. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David H. Edwab sold 16,000 shares of the company’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $28.07, for a total transaction of $449,120.00. Following the completion of the sale, the director now directly owns 45,769 shares in the company, valued at approximately $1,284,735.83. The disclosure for this sale can be found here. Insiders sold a total of 77,265 shares of company stock worth $1,929,261 in the last three months. Insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new stake in shares of Tailored Brands in the 1st quarter worth about $238,000. Legal & General Group Plc grew its holdings in shares of Tailored Brands by 8.2% in the 1st quarter. Legal & General Group Plc now owns 103,568 shares of the company’s stock worth $2,592,000 after purchasing an additional 7,835 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Tailored Brands in the 1st quarter worth about $464,000. Element Capital Management LLC bought a new stake in shares of Tailored Brands in the 1st quarter worth about $226,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Tailored Brands in the 1st quarter worth about $2,386,000.
Tailored Brands traded down $0.07, hitting $34.40, during trading hours on Friday, Marketbeat.com reports. 867,666 shares of the company traded hands, compared to its average volume of 915,618. The stock has a market cap of $1.71 billion, a P/E ratio of 15.64, a PEG ratio of 0.87 and a beta of 1.72. Tailored Brands has a twelve month low of $9.40 and a twelve month high of $35.94. The company has a debt-to-equity ratio of 634.61, a current ratio of 2.51 and a quick ratio of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Tuesday, June 19th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.09%. The ex-dividend date is Monday, June 18th. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.
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.
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