Other equities analysts have also issued reports about the company. B. Riley lifted their price objective on Tailored Brands from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Zacks Investment Research lowered Tailored Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.
Shares of NYSE TLRD traded down $0.32 during midday trading on Wednesday, hitting $4.07. The stock had a trading volume of 3,578,865 shares, compared to its average volume of 2,621,569. The company has a market capitalization of $226.88 million, a price-to-earnings ratio of 1.76 and a beta of 1.79. Tailored Brands has a 1-year low of $3.90 and a 1-year high of $24.09. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 418.48. The company has a fifty day moving average price of $4.89 and a 200 day moving average price of $6.10.
In related news, Director Theo Killion purchased 15,000 shares of Tailored Brands stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average cost of $4.64 per share, with a total value of $69,600.00. Following the transaction, the director now owns 59,754 shares of the company’s stock, valued at approximately $277,258.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dinesh S. Lathi purchased 10,000 shares of Tailored Brands stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average cost of $4.92 per share, for a total transaction of $49,200.00. Following the completion of the transaction, the chief executive officer now directly owns 46,267 shares in the company, valued at approximately $227,633.64. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,000 shares of company stock worth $135,600 over the last three months. 2.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. purchased a new stake in Tailored Brands during the 2nd quarter worth approximately $75,000. Nisa Investment Advisors LLC increased its holdings in Tailored Brands by 126.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 136,860 shares of the company’s stock worth $790,000 after purchasing an additional 76,400 shares during the last quarter. Cito Capital Group LLC purchased a new stake in Tailored Brands during the 1st quarter worth approximately $141,000. Advantage Investment Management LLC purchased a new stake in Tailored Brands during the 2nd quarter worth approximately $202,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Tailored Brands by 115.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 62,270 shares of the company’s stock worth $359,000 after purchasing an additional 33,400 shares during the last quarter. 99.21% of the stock is currently owned by hedge funds and other 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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