Tailored Brands (NYSE:TLRD) Shares Gap Down to $4.60

Tailored Brands Inc (NYSE:TLRD) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.34, but opened at $4.60. Tailored Brands shares last traded at $4.34, with a volume of 36,724 shares traded.

A number of brokerages recently issued reports on TLRD. B. Riley cut their target price on Tailored Brands from $7.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, June 13th. Zacks Investment Research cut Tailored Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Tailored Brands currently has an average rating of “Hold” and an average target price of $19.67.

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 firm has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $7.84. The firm has a market capitalization of $251.08 million, a P/E ratio of 1.90 and a beta of 1.91.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The business had revenue of $781.40 million for the quarter, compared to analysts’ expectations of $776.22 million. During the same period last year, the business earned $0.50 EPS. The business’s revenue was down 4.5% on a year-over-year basis. Sell-side analysts anticipate that Tailored Brands Inc will post 1.69 earnings per share for the current year.

A number of large investors have recently modified their holdings of TLRD. Dimensional Fund Advisors LP grew its holdings in shares of Tailored Brands by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,233,858 shares of the company’s stock valued at $16,831,000 after acquiring an additional 45,217 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Tailored Brands by 44.1% in the 4th quarter. Bank of America Corp DE now owns 337,169 shares of the company’s stock valued at $4,598,000 after acquiring an additional 103,149 shares in the last quarter. Norges Bank bought a new position in shares of Tailored Brands in the 4th quarter valued at about $9,134,000. Deutsche Bank AG grew its holdings in shares of Tailored Brands by 67.4% in the 4th quarter. Deutsche Bank AG now owns 434,557 shares of the company’s stock valued at $5,925,000 after acquiring an additional 175,010 shares in the last quarter. Finally, 6 Meridian bought a new position in shares of Tailored Brands in the 1st quarter valued at about $135,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

About Tailored Brands (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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