Tailored Brands (TLRD) Receives a Hold from B.Riley FBR

By Carrie Williams

B.Riley FBR analyst Susan Anderson reiterated a Hold rating on Tailored Brands (TLRDResearch Report) today and set a price target of $6. The company’s shares closed last Monday at $7.17, close to its 52-week low of $4.21.

Anderson wrote:

“After the market close on 9/11, Tailored Brands (TLRD) reported 2Q19 EPS of $0.82 compared to B. Riley FBR/consensus $0.69/$0.74. Total company sales declined –4.1% vs. B. Riley FBR/ consensus of –4.1%/–4.2% on a SSS decline of –3.6% matching our estimate. SSS were negative at all brands, but improved sequentially at MW and Moores. Management provided 3Q adj. EPS guidance of $0.40–$0.45, significantly below B. Riley FBR/consensus $0.95/$0.88. Traffic and promotional headwinds weighed on 2Q results with management noting that weaker trends in July carried over into 3Q. That being said, we believe the company continues to make progress on their product, custom, and technology initiatives.”

According to TipRanks.com, Anderson is a 2-star analyst with an average return of 0.3% and a 44.1% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica Inc, Turning Point Brands, and Columbia Sportswear.

The word on The Street in general, suggests a Hold analyst consensus rating for Tailored Brands with a $7.50 average price target.

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The company has a one-year high of $28.78 and a one-year low of $4.21. Currently, Tailored Brands has an average volume of 2.91M.

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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.