|Bid||4.1100 x 1200|
|Ask||0.0000 x 3100|
|Day's Range||4.1300 - 4.3500|
|52 Week Range||4.1100 - 26.1800|
|Beta (3Y Monthly)||2.20|
|PE Ratio (TTM)||3.46|
|Earnings Date||Jun 9, 2017 - Jun 12, 2017|
|Forward Dividend & Yield||0.72 (10.04%)|
|1y Target Est||6.97|
This week shares of Tailored Brands were rocked, and rocked hard, as the specialty retailer of suits, business wear and sportswear fitted Wall Street with some harrowing news on the outlook for its business. Key retail business owned by Tailored Brands include Men's Wearhouse and Jos. Heading into the announcement, the company's $0.72 per share dividend led to an eye-popping dividend yield near 10%, but after the news, the company announced it would be halting its dividend in order to pay down debt on its balance sheet.
A. Bank's parent company are plunging more than 25% after it reported a sales decline and halted its dividend to improve its debt management. Houston-based Tailored Brands Inc. saw its net sales fall 4% in the second quarter to $789.5 million. A. Bank's net sales dropped 3.7% to $166.1 million.
(Bloomberg) -- Short sellers got a big payday after disappointing earnings and a suspended dividend sent shares of Men’s Wearhouse parent Tailored Brands Inc. to their biggest drop of the year.Short sellers earned around $43.4 million in mark-to-market profits as the shares fell around 28% on Thursday morning, according to Ihor Dusaniwsky, managing director of financial analytics firm S3 Partners. Short interest accounts for 53% of the available shares, up from 14% in January, according to data compiled by S3.“Short sellers have been actively and consistently shorting the stock since February” even as shares rallied earlier this month, which indicates “high conviction” in the bearish view, Dusaniwsky wrote in an email. The amount of shares shorted is up 220% this year and borrow fees are running as high as 30% on increased demand, he said.To contact the reporter on this story: Janet Freund in New York at email@example.comTo contact the editor responsible for this story: Catherine Larkin at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tailored Brands struggling stock has plunged 26% on Thursday as the suit-maker predicted more slumping sales to come.
Tailored Brands Inc. says the road to its future growth is lined with florals, tropical patterns and NFL team logos. The company, whose portfolio of brands includes Men's Wearhouse and Joseph A. Bank, says its custom suiting business is on the rise, with unique, digitally-printed patterns for jacket linings becoming popular items. "We've seen a strong response since the launch of the program and the good news is, is that these digitally-printed linings have a short lead time, allowing us to test into new designs without needing to acquire significant inventory upfront," said Tailored Brands' Chief Executive Dinesh Lathi on the late Wednesday earnings call, according to a FactSet transcript. Tailored Brands has a multiyear licensing agreement with the National Football League, which will allow them to customize suits with images depicting fans' favorite teams. Tailored Brands is also focused on the more casual style of dress that has become standard nowadays. Lathi said the company had "challenging traffic trends" but "polished casual categories," like sportswear, dress coats, and short sleeve shirts did well. Tailored Brands announced last month that it sold its corporate apparel business. After the closing bell on Wednesday, the company gave weak earnings guidance and said it was halting its dividend to pay down debt. Tailored Brands stock has plummeted more than 23% in Thursday trading, and is down 77% for the last year. The S&P 500 index is down 4.4% for the past 12 months.
The owner of Men's Wearhouse and Jos. A. Bank is seeing its shares take a beating after it suspended dividend payments and warned of tougher times ahead in the third quarter.
Tailored Brands (TLRD) delivered earnings and revenue surprises of 10.81% and 0.04%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Tailored Brands Inc. fell 33% in the extended session Wednesday after the stock was halted at the last hour of the regular trading following the retailer's second-quarter earnings. Tailored Brands, the owner of Men's Wearhouse and other apparel brands, reported mixed second-quarter earnings, halted its dividend, and called for lower profits in the third quarter. For the third quarter, the company said it expects adjusted EPS between 40 cents and 45 cents, compared with an analyst expectation of 88 cents a share, according to FactSet. Tailored also called for sales declines across the board in the quarter, including a fall between 3% and 5% in same-store sales at Men's Wearhouse. Tailored Brands said it expects a net closure of seven stores across Men's Wearhouse and Jos. A. Bank for the quarter. The company halted its dividend to pay down debt, it said. The stock has lost 47% this year, versus gains of 20% for the S&P 500 index.
Tailored Brands Inc. stock was halted late Wednesday after the retailer, which owns Men's Wearhouse and other apparel brands, reported mixed second-quarter earnings, halted dividend, and called for lower profits in the third quarter. Tailored said it earned $34 million, or 68 cents a share, in the quarter, compared with $49 million, or 97 cents a share, a year ago. Adjusted for one-time items, Tailored earned $42 million, or 82 cents a share, compared with $1.07 a share a year ago. Sales fell 4.1% to $789.5 million, Tailored said. Analysts polled by FactSet had expected Tailored Brands to report a GAAP and adjusted EPS of 74 cents a share on sales of $789.2 million. For the third quarter, the company said it expects adjusted EPS between 40 cents and 45 cents, compared with an analyst expectation of 88 cents a share, according to FactSet. Tailored also called for sales declines across the board in the quarter, including a fall between 3% and 5% in same-store sales at Men's Wearhouse. Tailored Brands said it expects a net closure of seven stores across Men's Wearhouse and Jos. A. Bank for the quarter. The company is halting its dividend to pay down debt, it said. The stock rose 6% before the halt, and has lost 47% this year, versus gains of 20% for the S&P 500 index.
FREMONT, Calif.-- -- Q2 2019 GAAP diluted EPS of $0.68 and adjusted diluted EPS of $0.82 Company expects Q3 2019 adjusted diluted EPS of $0.40 to $0.45 Company to redeploy capital to accelerated debt repayment and share repurchases; suspends quarterly cash dividend starting in Q4 2019 Tailored Brands, Inc. today announced consolidated financial results for the fiscal second quarter ended August 3, ...
The owner of Men's Wearhouse and Jos. A. Bank forecast drops in third-quarter same-store sales and suspended dividend payments.
Investors need to pay close attention to Tailored Brands (TLRD) stock based on the movements in the options market lately.
Tailored Brands (TLRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Michael Burry is a well-known value investor and the founder of Scion Asset Management. Scion Asset Management had more than $100 in AUM in 2016 and started filing 13Fs. Unfortunately, its AUM must have declined below the $100 million reporting threshold as the fund stopped disclosing its 13F holdings in 2017. Recently he started filing […]