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MW $13.71

MW target price
13.71
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Tailored Brands, Inc.
Type
Public
Traded as NYSE: TLRD
S&P 600 Component
Industry Retail
Founded 1973 (as Men's Wearhouse)
Founder George Zimmer
Headquarters Fremont, California, U.S.
Number of locations
1,541 (across all brands)
Area served
United States
Canada
Key people
Douglas S. Ewert (CEO)
Products Men's clothing, footwear, tuxedo rentals and suit pressing
Revenue Decrease US$3.378 billion (2016)
Operating income
Decrease US$132.8 million (2016)
Net income
Increase US$24.9 million (2016)
Total assets Decrease US$2.097 billion (2016)
Total equity Decrease US$<107.6> million (2016)
Number of employees
22,500 (2017)
Subsidiaries JoS. A. Bank Clothiers
Men's Wearhouse
Moores
Website tailoredbrands.com
josbank.com
menswearhouse.com
mooresclothing.com
kgstores.com

Tailored Brands, Inc. is a U.S.-based, retail holding company for various men's apparel stores, including the Men's Wearhouse and Joseph A. Bank brands.

The company is headquartered in Fremont, California, with additional corporate offices in the Westchase area of Houston, Texas. It is publicly traded on the New York Stock Exchange under the ticker symbol, TLRD.

Tailored Brands, Inc. was created in January 2016 when Men's Wearhouse transitioned to a holding company model and changed its symbol from MW to TLRD.

Founded in 1973, by George Zimmer as a retail men's clothing store, the business had grown to 100 stores when it held an IPO in 1992 raising $13M. Zimmer turned Men's Wearhouse into an industry consolidator, acquiring numerous competitors throughout his tenure leading the firm. Today, as Tailored Brands, the company operates Men's Wearhouse, Men's Wearhouse & Tux, K&G Superstores (an off-price retail chain), Moores Clothing for Men (a Canadian chain of men's clothing stores), Twin Hill Corporate clothing, MW Cleaners in the Houston and Austin areas, and Jos A. Bank. In 1997, it purchased, then liquidated, the bankrupt Kuppenheimer chain.

Men's Wearhouse notably ran television and radio commercials featuring Zimmer, and the oft-repeated slogan, "You're going to like the way you look; I guarantee it." According to Business Week, Men's Wearhouse targets the common man, with "the neatly displayed clothes in Zimmer's stores [being] designed to cater to the unpretentious guy who wants to do as little as possible to maintain his wardrobe."

On November 17, 2006, Men's Wearhouse acquired After Hours Formalwear, a clothier specializing in black tie formalwear, from Federated Department Stores, the parent company of department store company Macy's. After Hours Formalwear was originally rebranded MW Tux, but has now been rolled up under the Men's Wearhouse brand. The formalwear group within Men's Wearhouse specializes in tuxedo rentals for men and boys for black tie events.

In 2009, Men's Wearhouse became a major sponsor of the United Football League and continued to sponsor the league in 2010. In that same year, the company acquired the trade and assets of Alexandra plc, which was in administration and Dimensions Corporatewear to develop its presence in Europe.

In 2013, the company acquired the Joseph Abboud brand to its lineup.

On June 19, 2013, the company dismissed founder and Executive Chairman George Zimmer for undisclosed reasons. The company later stated that Zimmer was dismissed due to "difficulty accepting the fact that Men's Wearhouse is a public company with an independent board of directors and that he has not been the chief executive officer for two years. He advocated for significant changes that would enable him to regain control."

In October 2013, Men’s Wearhouse received a $2.4 billion acquisition offer from smaller rival Jos. A. Bank. Men’s Wearhouse countered with an offer of its own, which sparked a five-month takeover battle between the two menswear retailers. After Jos. A. Bank rejected the initial counteroffer, Men’s Wearhouse announced that it would increase its all-cash bid if Jos. A. Bank revealed limited financial information and entered into negotiations. In an attempt to dilute shares and become too large for Men’s Wearhouse to purchase, Jos. A. Bank agreed to acquire the men’s outdoor clothing company Eddie Bauer for $825 million. Men’s Wearhouse immediately responded by filing a lawsuit to block the proposed acquisition, which was expedited by Delaware Judge J. Travis Laster.” The lawsuit required Jos. A. Bank to disclose documents relating to the deal and prevented it from closing the deal without giving Men’s Wearhouse 10 days' notice.

On November 12, 2013, Ricky Sandler, CEO of Eminence Capital LLC, published a letter he sent to Men's Wearhouse CEO Douglas Ewert discussing a merger with Joseph A. Bank Clothiers Inc. On November 15, 2013, Joseph A. Bank Clothiers Inc. withdrew "its all-cash proposal to purchase Men's Wearhouse for $48 a share after its self-imposed November 14 deadline".

In March 2014, Men’s Wearhouse reached an agreement to acquire Jos. A. Bank for $1.8 billion, on the condition that it dropped its acquisition bid for Eddie Bauer. A Federal Trade Commission investigation into the deal concluded in April 2014, concluding that the merger was "not likely to harm consumers"; the completion of this investigation was required for the merger to go forward.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-01-30 Reiterated Rating Stifel Nicolaus Hold
2015-12-11 Reiterated Rating Jefferies Group Hold
2015-12-11 Upgrade Tigress Financial Underperform to Neutral
2015-12-10 Downgrade Stifel Nicolaus Buy to Hold
2015-12-10 Downgrade Johnson Rice Buy to Hold
2015-11-16 Upgrade Tigress Financial Sell to Underperform
2015-11-06 Downgrade Goldman Sachs Buy to Neutral
2015-11-06 Downgrade Jefferies Group Buy to Hold
2015-11-06 Downgrade Mizuho Buy to Neutral
2015-11-06 Reiterated Rating Johnson Rice Buy to Accumulate
2015-10-14 Reiterated Rating Mizuho Buy $70.00
2015-09-10 Reiterated Rating Cowen and Company Market Perform $57.00 to $53.00
2015-09-09 Reiterated Rating Stifel Nicolaus Buy $70.00
2015-08-20 Reiterated Rating Jefferies Group Buy $67.00
2015-06-12 Reiterated Rating Cowen and Company Market Perform $55.00 to $57.00
2015-06-12 Reiterated Rating Stifel Nicolaus Buy $60.00
2015-06-09 Reiterated Rating Jefferies Group Buy $62.00
2015-06-05 Boost Price Target Mizuho Buy $60.00 to $70.00
2015-04-01 Set Price Target Stifel Nicolaus Buy $60.00
2015-03-13 Boost Price Target Jefferies Group Buy $60.00 to $62.00
2015-03-12 Downgrade Cowen and Company Outperform to Market Perform
2015-02-27 Downgrade Tigress Financial Neutral to Sell
2014-12-23 Initiated Coverage Citigroup Inc. Buy
2014-12-11 Reiterated Rating Stifel Nicolaus In-Line to Buy
2014-12-10 Lower Price Target Mizuho Buy $62.00 to $60.00
2014-10-09 Downgrade ING Group Hold
2014-10-09 Initiated Coverage Jefferies Group Buy $60.00
2014-09-12 Boost Price Target Mizuho Buy $60.00 to $62.00
2014-09-11 Reiterated Rating Stifel Nicolaus Buy
2014-07-31 Lower Price Target Cowen and Company $65.00 to $62.00
2014-07-30 Lower Price Target Mizuho Buy $62.00 to $60.00
2014-07-01 Upgrade Stifel Nicolaus Hold to Buy $67.00
2014-06-25 Upgrade Cowen and Company Market Perform to Outperform $65.00
2014-03-31 Upgrade Mizuho Neutral to Buy $60.00
2014-03-12 Boost Price Target Mizuho Neutral $48.00 to $60.00
2014-03-12 Upgrade Johnson Rice Equal Weight to Overweight
2014-02-18 Downgrade Johnson Rice Overweight to Equal Weight
2013-11-15 Initiated Coverage Mizuho Neutral
2013-10-21 Reiterated Rating Cowen and Company Market Perform $35.00 to $48.00
2013-10-17 Downgrade Stifel Buy to Hold
2013-10-17 Downgrade Stifel Nicolaus Buy to Hold $40.00
2013-10-14 Downgrade Miller Tabak Buy to Hold
2013-10-09 Reiterated Rating Stifel Nicolaus Buy
2013-09-25 Initiated Coverage Goldman Sachs Buy $45.00
2010-10-26 Upgrade Stifel Nicolaus Hold to Buy $32
2010-10-26 Downgrade Wedbush Outperform to Neutral $27 to $27
2009-08-14 Upgrade Wedbush Morgan Neutral to Outperform $18 to $29
2009-03-12 Upgrade Wedbush Morgan Sell to Hold $10
2009-03-12 Upgrade Stifel Nicolaus Hold to Buy $14
2009-01-09 Downgrade Wedbush Morgan Hold to Sell $9
2008-11-20 Reiterated Wedbush Morgan Hold $9
2008-11-20 Reiterated Stifel Nicolaus Buy $16 to $12
2008-07-10 Reiterated Wedbush Morgan Hold $22 to $19
2008-05-29 Downgrade Wedbush Morgan Buy to Hold $26 to $22
2008-03-13 Reiterated Stanford Research Hold $23 to $20
2016-01-30 Reiterated Rating Stifel Nicolaus Hold
2015-12-11 Reiterated Rating Jefferies Group Hold
2015-12-11 Upgrade Tigress Financial Underperform to Neutral
2015-12-10 Downgrade Stifel Nicolaus Buy to Hold
2015-12-10 Downgrade Johnson Rice Buy to Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
EWERT DOUGLAS SCOTT President and CEO 0.87%  (416715) MW /
THORN BRUCE K EVP & Chief Operating Officer 0.37%  (175722) MW / PETM /
STEIN SHELDON I 0.18%  (87642) ALDW / MW / TUES /
Rhodes A Alexander EVP and General Counsel 0.13%  (64740) CHS / MW /
Nichols Grace 0.10%  (46117) MW / NWY / PSUN /
EDWAB DAVID H Vice Chairman of the Board 0.10%  (45769) MW / NWY / VSI /
BLAKE MARY BETH EVP and CMO 0.09%  (45419) MW /
Baum Benjamin EVP and Chief Digital Officer 0.09%  (41876) MW /
Calandra Jack EVP, CFO and Treasurer 0.08%  (40583) MW /
BRUTOCO RINALDO S 0.08%  (39723) MW /
Britt Irene Chang 0.06%  (29386) CPB / DNKN / MW / SZYM /
Sechrest William B 0.06%  (29098) MW /
WILSON DIANA M EVP, Finance and Accounting 0.06%  (27585) MW /
QUESTROM ALLEN I 0.05%  (25597) BID / MW /
Lathi Dinesh S. 0.05%  (22757) MW /
Stringer Matthew EVP of Marketing 0.04%  (18611) MW /
SILVEIRA WILLIAM CHARLES EVP - Manufacturing 0.04%  (17976) MW /
SOUVENIR CAROLE L EVP, Chief Legal Officer, ER 0.04%  (17246) MW /
VACLAVIK BRIAN T SVP and CAO 0.03%  (16423) MW /
CKODRE GARY G Exec. Vice President and CCO 0.03%  (16025) MW /
Sherman Boris EVP - Chief Technology Officer 0.03%  (13578) MW /
Park Hyon C. EVP and CIO 0.02%  (11114) MW /
Killion Theo 0.02%  (11061) EXPR / LBY / MW / ZLC /
NORRIS SCOTT EVP, Merchandising 0.02%  (11034) MW /
NEUTZE MARK EVP - Store Operations 0.02%  (9951) MW /
GOVE SUE 0.02%  (9765) AZO / ICON / LOGI / MW /
NEAL SUSAN G EVP, E-Business,Marketing 0.02%  (9242) MW /
DILTS KELLY Senior VP, CAO and PAO 0.02%  (8513) FRAN / MW /
KIMMINS JON W EVP, Chief Financial Offcier 0.02%  (7618) MW /
Hamlin Frank EVP - Chief Marketing Officer 0.02%  (7500) MW /
BRAGG JAMES R II EVP, Distribution 0.01%  (5712) MW /
Becker B. Michael 0.01%  (3795) MW / VSI /
RAY MICHAEL 0.01%  (2971) MW /