Tailored Brands Inc (NYSE:TLRD) CEO Dinesh S. Lathi acquired 10,000 shares of Tailored Brands stock in a transaction on Tuesday, October 8th. The shares were bought at an average price of $4.00 per share, for a total transaction of $40,000.00. Following the completion of the purchase, the chief executive officer now directly owns 65,267 shares in the company, valued at $261,068. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
NYSE TLRD opened at $4.06 on Friday. Tailored Brands Inc has a 12 month low of $3.70 and a 12 month high of $24.09. The company has a debt-to-equity ratio of 418.48, a current ratio of 1.46 and a quick ratio of 0.22. The company has a market capitalization of $205.61 million, a price-to-earnings ratio of 1.76 and a beta of 1.79. The company’s fifty day moving average price is $4.78 and its two-hundred day moving average price is $5.96.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, September 11th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. Tailored Brands had a net margin of 1.94% and a return on equity of 2,629.06%. The firm had revenue of $789.50 million for the quarter, compared to the consensus estimate of $788.98 million. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, analysts anticipate that Tailored Brands Inc will post 1.1 EPS for the current year.
Several institutional investors have recently bought and sold shares of TLRD. SG Americas Securities LLC bought a new position in shares of Tailored Brands in the 1st quarter worth about $81,000. DekaBank Deutsche Girozentrale lifted its position in shares of Tailored Brands by 9.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,700 shares of the company’s stock worth $401,000 after buying an additional 1,600 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Tailored Brands in the 1st quarter worth about $33,000. Advisory Services Network LLC lifted its position in shares of Tailored Brands by 65.5% in the 1st quarter. Advisory Services Network LLC now owns 19,200 shares of the company’s stock worth $151,000 after buying an additional 7,600 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of 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 buying an additional 76,400 shares during the last quarter. Institutional investors own 99.21% of the company’s stock.
A number of research firms have commented on TLRD. B. Riley increased their price objective on shares of Tailored Brands from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of 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 given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.00.
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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