Tailored Brands (NYSE:TLRD) Shares Gap Up to $4.34

Shares of Tailored Brands Inc (NYSE:TLRD) gapped up before the market opened on Wednesday . The stock had previously closed at $4.25, but opened at $4.34. Tailored Brands shares last traded at $4.66, with a volume of 7,401,817 shares trading hands.

TLRD has been the topic of a number of analyst reports. B. Riley decreased their target price on shares of 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 raised shares of Tailored Brands from a “sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.67.

The stock has a market cap of $219.26 million, a P/E ratio of 2.02 and a beta of 1.91. The stock’s fifty day moving average price is $5.17 and its 200 day moving average price is $7.71. The company has a current ratio of 1.39, a quick ratio of 0.22 and a debt-to-equity ratio of 317.61.



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

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Tailored Brands by 4.8% in the 2nd quarter. BlackRock Inc. now owns 7,519,333 shares of the company’s stock valued at $43,386,000 after purchasing an additional 346,005 shares in the last quarter. Q Global Advisors LLC purchased a new stake in Tailored Brands during the 2nd quarter valued at $12,505,000. Scion Asset Management LLC boosted its position in Tailored Brands by 112.8% during the 2nd quarter. Scion Asset Management LLC now owns 1,850,000 shares of the company’s stock valued at $10,675,000 after buying an additional 980,800 shares during the period. Balyasny Asset Management LLC purchased a new stake in Tailored Brands during the 2nd quarter valued at $9,923,000. Finally, Dimensional Fund Advisors LP boosted its position in Tailored Brands by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,233,858 shares of the company’s stock valued at $16,831,000 after buying an additional 45,217 shares during the period. 95.16% of the stock is owned by institutional investors.

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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