Tailored Brands Gets a Buy Rating from FBR Capital

By Carrie Williams

In a report released today, Eric Beder from FBR Capital assigned a Buy rating to Tailored Brands (NYSE: TLRD), with a price target of $16. The company’s shares closed yesterday at $13.16.

Beder commented:

“We are reiterating our Buy rating, $16.00 price target, and FY18 and FY19 earnings estimates for men’s clothing retailer Tailored Brands after the company reported materially stronger than expected 2QFY18 earnings results that indicated the profitability characteristics of the company’s more highly focused and increasingly efficient business operations. With the company having now succeeded in curbing the Jos. A. Bank brand’s dilutive promotional cadence, aggressively rationalizing the store base, and removing the underperfoming, non-core tuxedo partnership with Macy’s (M), Tailored Brands can begin to, as exhibited by 2nd quarter results, catalyze meaningful profitability and cash flow growth trends via prudent expense management and higher ROIC spending, regardless of the top-line impact of tepid apparel retail trends.”

According to TipRanks.com, Beder is ranked 0 out of 5 stars with an average return of -4.4% and a 39.0% success rate. Beder covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Barnes & Noble Inc, and New York & Company.

Tailored Brands has an analyst consensus of Moderate Buy, with a price target consensus of $14.

The company has a one year high of $28.76 and a one year low of $9.40. Currently, Tailored Brands has an average volume of 1.51M.

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Tailored Brands, Inc. engages in the retail of men’s suits and the provision of tuxedo rental in the United States and Canada. It offers a selection of suits, sport coats, furnishings and accessories. The company was founded in 1973 and is headquartered in Houston, TX.