Tailored Brands (TLRD) Gets a Buy Rating from B.Riley FBR

By Austin Angelo

B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Tailored Brands (TLRDResearch Report) on January 16 and set a price target of $20. The company’s shares closed on Friday at $12, close to its 52-week low of $11.37.

According to TipRanks.com, Anderson is a 2-star analyst with an average return of 0.4% and a 43.0% success rate. Anderson covers the Services sector, focusing on stocks such as Children’s Place, Urban Outfitters, and Foot Locker Inc.

Tailored Brands has an analyst consensus of Moderate Buy, with a price target consensus of $22.

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Based on Tailored Brands’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $13.88 million. In comparison, last year the company had a net profit of $36.89 million.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TLRD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.