Stock Mover of the Day: Does Tailored Brands Inc Have Any Gas After Today’s Big Decline?

Stock Mover of the Day: Does Tailored Brands Inc Have Any Gas After Today's Big Decline?

The stock of Tailored Brands Inc (NYSE:TLRD) is a huge mover today! About 1.01 million shares traded hands or 25.07% up from the average. Tailored Brands Inc (NYSE:TLRD) has declined 7.39% since April 6, 2016 and is downtrending. It has underperformed by 9.34% the S&P500.
The move comes after 7 months negative chart setup for the $720.93 million company. It was reported on Nov, 8 by Barchart.com. We have $13.51 PT which if reached, will make NYSE:TLRD worth $57.67M less.

Tailored Brands Inc (NYSE:TLRD) Ratings Coverage

Out of 3 analysts covering Tailored Brands (NYSE:TLRD), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Tailored Brands has been the topic of 4 analyst reports since August 2, 2016 according to StockzIntelligence Inc. The firm has “Accumulate” rating by Johnson Rice given on Thursday, September 1. The stock of Tailored Brands Inc (NYSE:TLRD) has “Neutral” rating given on Thursday, September 8 by Mizuho. The stock of Tailored Brands Inc (NYSE:TLRD) earned “Buy” rating by Wunderlich on Tuesday, August 2. Mizuho maintained Tailored Brands Inc (NYSE:TLRD) rating on Friday, June 10. Mizuho has “Neutral” rating and $14 price target.

According to Zacks Investment Research, “Tailored Brands, Inc. is a specialty retailer of men’s suits and provider of tuxedo rental product primarily in the U.S. and Canada. The Company provide suit separates, port coats, slacks, sportswear, outerwear, dress shirts, shoes and accessories. Tailored Brands, Inc., formerly known as The Mens Wearhouse, Inc is based in Houston, Texas.”

More notable recent Tailored Brands Inc (NYSE:TLRD) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on February 02, 2016, also Marketwatch.com with their article: “Men’s Wearhouse to launch new holding company, Tailored Brands Inc.” published on January 29, 2016, Wsj.com published: “Tailored Brands to Close About 250 Stores” on March 10, 2016. More interesting news about Tailored Brands Inc (NYSE:TLRD) were released by: Marketwatch.com and their article: “Tailored Brands stock suffers third worst decline on record” published on June 09, 2016 as well as Prnewswire.com‘s news article titled: “Tailored Brands Appoints Julie MacMedan Vice President Of Investor Relations” with publication date: September 20, 2016.

TLRD Company Profile

Tailored Brands, Inc., incorporated on October 13, 2015, is a holding firm of The Men’s Wearhouse, Inc. The Firm 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 (collectively rental product). The Firm operates through two divisions: Retail and Corporate Apparel. The Firm operates approximately 1,720 retail stores, including tuxedo shops within Macy’s department stores, with over 1,600 stores in the United States and Puerto Rico, as well as approximately 120 stores in Canada. The Company’s United States retail stores operate under Men’s Wearhouse, Men’s Wearhouse and Tux, Jos. A. Bank, Joseph Abboud and K&G brand names in over 50 states, the District of Columbia and Puerto Rico.

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