Tailored Brands (TLRD) Updates FY19 Earnings Guidance

Tailored Brands (NYSE:TLRD) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.35-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.29.

Tailored Brands (NYSE TLRD) traded down $0.10 during trading hours on Wednesday, hitting $23.21. 2,257,968 shares of the stock were exchanged, compared to its average volume of 1,140,349. Tailored Brands has a 12 month low of $9.40 and a 12 month high of $26.03. The company has a market capitalization of $1,154.26, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 0.64 and a beta of 1.94. The company has a debt-to-equity ratio of -97.85, a quick ratio of 0.52 and a current ratio of 2.48.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, March 16th. This represents a $0.72 dividend on an annualized basis and a yield of 3.10%. Tailored Brands’s dividend payout ratio is currently 52.94%.

TLRD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Tailored Brands from a hold rating to a buy rating and set a $27.00 target price on the stock in a research note on Wednesday, March 7th. ValuEngine downgraded shares of Tailored Brands from a buy rating to a hold rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $18.67.

In other news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total value of $29,809.48. Following the sale, the director now owns 39,098 shares in the company, valued at approximately $906,291.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

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Tailored Brands Company Profile

Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.

Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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