Tailored Brands (NYSE:TLRD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $24.00 target price on the stock. Zacks Investment Research‘s target price indicates a potential upside of 4.71% from the company’s current price.
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. “
Separately, ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.33.
Shares of Tailored Brands (TLRD) traded up $0.30 during trading on Tuesday, reaching $22.92. The company’s stock had a trading volume of 133,564 shares, compared to its average volume of 1,195,218. The company has a market cap of $1,063.16, a P/E ratio of 11.63, a PEG ratio of 0.55 and a beta of 1.94. The company has a quick ratio of 0.59, a current ratio of 2.51 and a debt-to-equity ratio of 634.61. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $26.03.
In other Tailored Brands news, Director William B. Sechrest sold 1,286 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total value of $29,809.48. Following the completion of the sale, the director now directly owns 39,098 shares in the company, valued at $906,291.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. PEAK6 Investments L.P. purchased a new position in shares of Tailored Brands in the third quarter worth about $199,000. Crossmark Global Holdings Inc. acquired a new stake in Tailored Brands during the fourth quarter worth about $205,000. Municipal Employees Retirement System of Michigan grew its holdings in Tailored Brands by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 18,400 shares of the company’s stock worth $266,000 after acquiring an additional 6,810 shares during the period. MANA Advisors LLC acquired a new stake in Tailored Brands during the fourth quarter worth about $266,000. Finally, Two Sigma Advisers LP acquired a new stake in Tailored Brands during the fourth quarter worth about $269,000.
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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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