Tailored Brands (NYSE:TLRD) – Stock analysts at Jefferies Group upped their Q4 2019 earnings per share (EPS) estimates for Tailored Brands in a research note issued to investors on Monday, May 14th. Jefferies Group analyst R. Konik now anticipates that the company will post earnings per share of ($0.10) for the quarter, up from their previous estimate of ($0.13). Jefferies Group currently has a “Buy” rating on the stock.
TLRD has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, March 9th. ValuEngine upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.80.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Tuesday, June 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.09%. Tailored Brands’s payout ratio is 32.73%.
In other Tailored Brands news, Director David H. Edwab sold 16,000 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $28.07, for a total value of $449,120.00. Following the transaction, the director now directly owns 45,769 shares in the company, valued at $1,284,735.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas Scott Ewert sold 55,005 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $23.66, for a total transaction of $1,301,418.30. Following the completion of the transaction, the chief executive officer now owns 326,850 shares in the company, valued at $7,733,271. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,265 shares of company stock worth $1,929,261. Corporate insiders own 2.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TLRD. Wells Fargo & Company MN increased its holdings in shares of Tailored Brands by 16.6% in the third quarter. Wells Fargo & Company MN now owns 148,508 shares of the company’s stock valued at $2,145,000 after purchasing an additional 21,155 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tailored Brands by 13.6% in the third quarter. Dimensional Fund Advisors LP now owns 248,369 shares of the company’s stock valued at $3,586,000 after acquiring an additional 29,788 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Tailored Brands by 28.6% in the third quarter. California Public Employees Retirement System now owns 180,661 shares of the company’s stock valued at $2,609,000 after acquiring an additional 40,161 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Tailored Brands in the fourth quarter valued at about $1,515,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Tailored Brands in the fourth quarter valued at about $971,000.
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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