Equities analysts forecast that Tailored Brands Inc (NYSE:TLRD) will announce $776.23 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tailored Brands’ earnings. The lowest sales estimate is $767.94 million and the highest is $784.51 million. Tailored Brands reported sales of $817.96 million in the same quarter last year, which suggests a negative year over year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, June 12th.
According to Zacks, analysts expect that Tailored Brands will report full year sales of $3.17 billion for the current fiscal year, with estimates ranging from $3.17 billion to $3.18 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.20 billion, with estimates ranging from $3.20 billion to $3.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Tailored Brands.
Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.01. The firm had revenue of $785.76 million during the quarter, compared to analysts’ expectations of $801.24 million. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. Tailored Brands’s quarterly revenue was down 8.6% on a year-over-year basis.
TLRD has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. B. Riley cut shares of Tailored Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $11.00 in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.
In other Tailored Brands news, CAO Brian T. Vaclavik bought 4,250 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $8.16 per share, with a total value of $34,680.00. Following the completion of the acquisition, the chief accounting officer now directly owns 19,699 shares of the company’s stock, valued at $160,743.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carrie Ann Ask bought 13,500 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $7.41 per share, with a total value of $100,035.00. Following the acquisition, the insider now directly owns 20,962 shares of the company’s stock, valued at $155,328.42. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Tailored Brands by 0.5% in the fourth quarter. BlackRock Inc. now owns 7,127,298 shares of the company’s stock valued at $97,216,000 after purchasing an additional 36,126 shares during the period. Gotham Asset Management LLC grew its holdings in shares of Tailored Brands by 31.2% in the fourth quarter. Gotham Asset Management LLC now owns 421,915 shares of the company’s stock valued at $5,755,000 after purchasing an additional 100,390 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Tailored Brands in the fourth quarter valued at about $390,000. Investment Management of Virginia LLC purchased a new stake in shares of Tailored Brands in the first quarter valued at about $1,361,000. Finally, Bank of America Corp DE grew its holdings in shares of Tailored Brands by 44.1% in the fourth quarter. Bank of America Corp DE now owns 337,169 shares of the company’s stock valued at $4,598,000 after purchasing an additional 103,149 shares during the period. 98.79% of the stock is owned by institutional investors and hedge funds.
NYSE:TLRD traded down $0.12 during trading hours on Friday, reaching $7.15. 1,785,400 shares of the company were exchanged, compared to its average volume of 1,899,856. The company has a debt-to-equity ratio of 317.61, a quick ratio of 0.37 and a current ratio of 1.91. The stock has a market capitalization of $367.32 million, a PE ratio of 3.10 and a beta of 1.70. Tailored Brands has a twelve month low of $7.09 and a twelve month high of $35.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.07%. The ex-dividend date is Monday, June 17th. Tailored Brands’s dividend 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.
Further Reading: Calculating net profit and net profit margin ratio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tailored Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tailored Brands and related companies with MarketBeat.com's FREE daily email newsletter.