Tailored Brands (NYSE:TLRD) Trading Down 8%

Shares of Tailored Brands Inc (NYSE:TLRD) fell 8% during trading on Wednesday . The company traded as low as $4.57 and last traded at $4.60, 2,538,260 shares were traded during mid-day trading. An increase of 18% from the average session volume of 2,154,016 shares. The stock had previously closed at $5.00.

A number of brokerages have recently commented on TLRD. B. Riley lowered their price target on Tailored Brands from $7.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, June 13th. Zacks Investment Research cut Tailored Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Tailored Brands has an average rating of “Hold” and a consensus price target of $19.67.

The company has a debt-to-equity ratio of 317.61, a current ratio of 1.39 and a quick ratio of 0.22. The firm’s 50-day moving average is $5.30. The firm has a market cap of $252.60 million, a price-to-earnings ratio of 1.99 and a beta of 1.91.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The business had revenue of $781.40 million during the quarter, compared to analyst estimates of $776.22 million. During the same period in the previous year, the firm earned $0.50 EPS. Tailored Brands’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that Tailored Brands Inc will post 1.69 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of TLRD. Meridian Wealth Management LLC acquired a new position in Tailored Brands during the 1st quarter worth approximately $33,000. Investors Research Corp acquired a new stake in shares of Tailored Brands in the 1st quarter valued at approximately $46,000. Cambria Investment Management L.P. acquired a new stake in shares of Tailored Brands in the 1st quarter valued at approximately $54,000. Neuburgh Advisers LLC boosted its holdings in shares of Tailored Brands by 83.4% in the 2nd quarter. Neuburgh Advisers LLC now owns 10,272 shares of the company’s stock valued at $59,000 after buying an additional 4,672 shares during the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Tailored Brands in the 2nd quarter valued at approximately $61,000. Institutional investors and hedge funds own 97.14% of the company’s stock.

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.

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