Tailored Brands (NYSE:TLRD) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Tailored Brands (NYSE:TLRD) from a hold rating to a buy rating in a research note published on Friday morning, Zacks.com reports. Zacks Investment Research currently has $5.75 price objective on the stock.

According to Zacks, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. “

Other equities research analysts have also issued reports about the company. ValuEngine lowered Tailored Brands from a buy rating to a hold rating in a research report on Friday, November 1st. B. Riley raised their target price on Tailored Brands from $5.00 to $6.00 and gave the company a neutral rating in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Tailored Brands presently has an average rating of Hold and an average price target of $11.92.

NYSE:TLRD traded up $0.03 during trading hours on Friday, hitting $5.17. 1,668,541 shares of the company traded hands, compared to its average volume of 1,944,504. 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 firm’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $5.44. Tailored Brands has a one year low of $3.70 and a one year high of $24.09. The company has a market cap of $256.76 million, a PE ratio of 2.88 and a beta of 1.80.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, September 11th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Tailored Brands had a return on equity of 2,629.06% and a net margin of 1.94%. The business had revenue of $789.50 million for the quarter, compared to analysts’ expectations of $788.98 million. During the same period last year, the business earned $1.07 EPS. The business’s revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts expect that Tailored Brands will post 1.11 EPS for the current year.

In other news, Director Theo Killion acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was bought at an average price of $4.64 per share, with a total value of $69,600.00. Following the acquisition, the director now owns 59,754 shares in the company, valued at approximately $277,258.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP A Alexander Rhodes acquired 13,369 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average cost of $3.87 per share, with a total value of $51,738.03. Following the acquisition, the executive vice president now owns 56,255 shares in the company, valued at approximately $217,706.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 69,369 shares of company stock valued at $291,598. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TLRD. Nisa Investment Advisors LLC increased its holdings in Tailored Brands by 126.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 136,860 shares of the company’s stock worth $790,000 after acquiring an additional 76,400 shares during the last quarter. WBI Investments Inc. purchased a new stake in Tailored Brands in the 2nd quarter worth about $678,000. Strs Ohio increased its holdings in Tailored Brands by 7.6% in the 2nd quarter. Strs Ohio now owns 54,100 shares of the company’s stock worth $312,000 after acquiring an additional 3,800 shares during the last quarter. Systematic Financial Management LP increased its holdings in Tailored Brands by 27.8% in the 2nd quarter. Systematic Financial Management LP now owns 94,015 shares of the company’s stock worth $542,000 after acquiring an additional 20,460 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Tailored Brands by 196.7% in the 2nd quarter. SG Americas Securities LLC now owns 30,543 shares of the company’s stock worth $176,000 after acquiring an additional 20,248 shares during the last quarter. 98.20% of the stock is 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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