Tailored Brands Inc (NYSE:TLRD) – Research analysts at B. Riley dropped their Q2 2020 earnings per share estimates for Tailored Brands in a report issued on Friday, May 17th. B. Riley analyst S. Anderson now anticipates that the company will post earnings per share of $0.98 for the quarter, down from their prior estimate of $1.00. B. Riley has a “Hold” rating and a $10.00 price target on the stock. B. Riley also issued estimates for Tailored Brands’ Q3 2020 earnings at $0.95 EPS and FY2020 earnings at $1.90 EPS.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.01. Tailored Brands had a negative return on equity of 1,944.45% and a net margin of 2.57%. The firm had revenue of $785.76 million during the quarter, compared to analysts’ expectations of $801.24 million. The company’s revenue for the quarter was down 8.6% on a year-over-year basis.
Shares of TLRD opened at $7.25 on Monday. Tailored Brands has a 1 year low of $7.02 and a 1 year high of $35.86. The company has a quick ratio of 0.37, a current ratio of 1.91 and a debt-to-equity ratio of 317.61. The company has a market capitalization of $358.79 million, a PE ratio of 3.14 and a beta of 1.70.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its position in Tailored Brands by 65.5% during the 1st quarter. Advisory Services Network LLC now owns 19,200 shares of the company’s stock worth $151,000 after acquiring an additional 7,600 shares during the last quarter. Lombard Odier Asset Management USA Corp bought a new stake in Tailored Brands during the 1st quarter worth approximately $188,000. Jane Street Group LLC grew its position in Tailored Brands by 53.9% during the 1st quarter. Jane Street Group LLC now owns 168,478 shares of the company’s stock worth $1,321,000 after acquiring an additional 58,978 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Tailored Brands during the 1st quarter worth approximately $79,000. Finally, Oxford Asset Management LLP grew its position in Tailored Brands by 106.8% during the 1st quarter. Oxford Asset Management LLP now owns 142,581 shares of the company’s stock worth $1,118,000 after acquiring an additional 73,639 shares during the last quarter. Institutional investors and hedge funds own 98.79% of the company’s stock.
In related news, insider Carrie Ann Ask bought 13,500 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $7.41 per share, with a total value of $100,035.00. Following the acquisition, the insider now owns 20,962 shares in the company, valued at approximately $155,328.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian T. Vaclavik bought 4,250 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $8.16 per share, with a total value of $34,680.00. Following the completion of the acquisition, the chief accounting officer now owns 19,699 shares in the company, valued at approximately $160,743.84. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.93%. Tailored Brands’s payout ratio is presently 31.17%.
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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