Tailored Brands (NASDAQ:TLRD) declared a quarterly dividend on Wednesday, January 18th. Investors of record on Tuesday, March 14th will be given a dividend of 0.18 per share on Friday, March 24th. This represents a $0.72 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, March 10th.
Tailored Brands (NASDAQ:TLRD) opened at 21.29 on Thursday. The stock’s market cap is $1.04 billion. The company has a 50-day moving average of $23.94 and a 200 day moving average of $17.37. Tailored Brands has a 12-month low of $10.90 and a 12-month high of $28.76.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Wednesday, December 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The business earned $846.90 million during the quarter, compared to the consensus estimate of $832.72 million. The company’s revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Tailored Brands will post $1.83 earnings per share for the current year.
In other Tailored Brands news, Director William B. Sechrest sold 5,060 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $27.62, for a total transaction of $139,757.20. Following the sale, the director now owns 29,323 shares in the company, valued at approximately $809,901.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David H. Edwab sold 10,772 shares of the business’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $26.93, for a total value of $290,089.96. Following the sale, the director now owns 53,208 shares in the company, valued at approximately $1,432,891.44. The disclosure for this sale can be found here.
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Several equities research analysts have commented on the stock. Wunderlich set a $30.00 price target on shares of Tailored Brands and gave the stock a “buy” rating in a research report on Thursday, December 8th. Jefferies Group reiterated a “hold” rating and issued a $24.00 price target on shares of Tailored Brands in a research report on Friday, December 9th. Zacks Investment Research downgraded Tailored Brands from a “hold” rating to a “sell” rating in a report on Thursday, December 8th. Mizuho upgraded Tailored Brands from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $17.00 to $25.00 in a report on Thursday, December 8th. Finally, Deutsche Bank AG downgraded Tailored Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.20.
Tailored Brands Company Profile
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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