Tailored Brands Inc (NYSE:TLRD)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.26, but opened at $4.47. Tailored Brands shares last traded at $4.20, with a volume of 86,640 shares traded.
A number of equities analysts have recently weighed in on TLRD shares. Zacks Investment Research cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. B. Riley lowered their price target on shares of Tailored Brands from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Finally, ValuEngine raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd.
The company has a current ratio of 1.36, a quick ratio of 0.19 and a debt-to-equity ratio of 418.48. The firm has a market capitalization of $216.45 million, a price-to-earnings ratio of -4.86 and a beta of 1.77. The stock’s 50 day moving average price is $4.44 and its two-hundred day moving average price is $4.83.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.10. The business had revenue of $729.50 million for the quarter, compared to analysts’ expectations of $715.43 million. Tailored Brands had a negative net margin of 1.36% and a negative return on equity of 427.30%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 EPS. On average, sell-side analysts forecast that Tailored Brands Inc will post 1.02 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Tailored Brands by 126.5% in the 3rd quarter. Millennium Management LLC now owns 12,523 shares of the company’s stock valued at $55,000 after acquiring an additional 6,995 shares during the last quarter. State Street Corp grew its stake in Tailored Brands by 1.9% in the 3rd quarter. State Street Corp now owns 1,440,710 shares of the company’s stock valued at $6,339,000 after acquiring an additional 26,412 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Tailored Brands in the 3rd quarter valued at about $264,000. Voloridge Investment Management LLC acquired a new stake in Tailored Brands in the 3rd quarter valued at about $1,103,000. Finally, BlackRock Inc. grew its stake in Tailored Brands by 4.8% in the 2nd quarter. BlackRock Inc. now owns 7,519,333 shares of the company’s stock valued at $43,386,000 after acquiring an additional 346,005 shares during the last quarter. 85.29% of the stock is currently owned by hedge funds and other institutional investors.
About Tailored Brands (NYSE:TLRD)
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.
