Tailored Brands (NYSE:TLRD) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Tailored Brands (NYSE:TLRD) issued its earnings results on Wednesday. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08, Briefing.com reports. Tailored Brands had a return on equity of 2,964.32% and a net margin of 1.94%. The business had revenue of $789.50 million for the quarter, compared to analyst estimates of $788.98 million. During the same quarter last year, the company earned $1.07 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Tailored Brands updated its Q3 2019 guidance to $0.40-0.45 EPS and its Q3 guidance to $0.40-0.45 EPS.

TLRD opened at $5.10 on Friday. The firm has a market cap of $362.22 million, a price-to-earnings ratio of 2.21 and a beta of 1.83. Tailored Brands has a 52 week low of $4.21 and a 52 week high of $26.23. The business’s 50 day moving average is $5.07 and its two-hundred day moving average is $6.89. The company has a quick ratio of 0.22, a current ratio of 1.39 and a debt-to-equity ratio of 317.61.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 14.12%. The ex-dividend date is Monday, September 16th. Tailored Brands’s dividend payout ratio (DPR) is 31.17%.

Several equities research analysts have recently weighed in on TLRD shares. Zacks Investment Research lowered Tailored Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. B. Riley raised their target price on Tailored Brands from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Q Global Advisors LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at approximately $12,505,000. Balyasny Asset Management LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at approximately $9,923,000. Scion Asset Management LLC grew its stake in shares of Tailored Brands by 112.8% in the 2nd quarter. Scion Asset Management LLC now owns 1,850,000 shares of the company’s stock valued at $10,675,000 after purchasing an additional 980,800 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in shares of Tailored Brands in the 1st quarter valued at approximately $4,935,000. Finally, Coatue Management LLC purchased a new position in shares of Tailored Brands in the 2nd quarter valued at approximately $2,105,000. 99.81% of the stock is currently owned by institutional investors.

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.

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Earnings History for Tailored Brands (NYSE:TLRD)

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