Will this Buy rating lifts Tailored Brands, Inc. massive rally for this year? Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas. According to 5 analysts, Price Target for Tailored Brands, Inc.
Tailored Brands Inc (NYSE:TLRD) had a rough Thursday as the company reported on its fourth quarter.
Two Month Ago Analyst Ratings: TAILORED BRANDS INC (TLRD) has received mean Analyst rating of 2.62 from polled analysts at Reuters 2 Month Ago. Equities analysts expect that Tailored Brands will post $1.83 earnings per share for the current fiscal year. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
When it comes to the Analysis of a Stock, Price Target plays a vital role.
This year will be one of transition for Tailored Brands as the company will close at least 10 stores across the nation, and it will invest $90 million in capital expenditures and use free cash flow to pay down debt. Also, CAO Brian T. Vaclavik sold 1,194 shares of the business's stock in a transaction dated Tuesday, December 20th.
Shares of the Men's Wearhouse parent company were down over 31 percent in mid-morning trade. Stockholders of record on Tuesday, March 14th will be paid a dividend of 0.18 per share on Friday, March 24th. "Outperform View" rating was revealed by 3 and "Underperform Signal" rating was issued by 0.
This report was reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another site, it was stolen and republished in violation of United States & global copyright law. Additionally, Wunderlich Initiated its ratings on the stock to Buy. Now the stock price is moving -41.90% off from the highest level of twelve months and +56.05% above from twelve months low. The guidance for the year also projects an operating loss between $19 million and $20 million from its tuxedo business. Share performance for the month is now at 8.40%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Zacks Investment Research lowered Tailored Brands from a "hold" rating to a "sell" rating in a research report on Thursday, December 8th. The stock was sold at an average price of $28.01, for a total value of $33,443.94. The disclosure for this purchase can be found here.
Several large investors have recently added to or reduced their stakes in TLRD. Metropolitan Life Insurance Co. FMR LLC purchased a new position in shares of Tailored Brands during the fourth quarter worth approximately $24,454,000.
The company's stock now has 1.15 Billion in market capitalization. The Retail segment includes over four retail merchandising brands: Men's Wearhouse/Men's Wearhouse and Tux, Jos. Tailored Brands's revenue was down 2.1% compared to the same quarter past year. State Board of Administration of Florida Retirement System increased its stake in Tailored Brands by 21.1% in the fourth quarter.
Shares, which have gained more than one-third in value over the past 12 months, plunged 26.7% to $17.15 in after-hours trading. Finally, First Republic Investment Management Inc. bought a new stake in Tailored Brands during the fourth quarter valued at about $224,000.