Tailored Brands Falls 30%

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Tailored Brands Inc TLRD shares are trading lower by $7.10 at $16.27 in Thursday's session.

The catalyst for the decline is a Q4 EPS miss of $0.07 along with a shortfall in revenues of $22 million. The company sharply reduced FY 2017 EPS guidance to the $1.45-$1.75 range from $2.10 estimates.

After a much lower open, the stock managed a brief rebound to $17.07, before continuing its move lower. So far, the follow through decline has taken it to $16.06. That lows come in just above its November 11 low of $15.81.

The company was created from the merger between Jos. A Banks Clothiers and Men's Wearhouse.

Posted In: TechnicalsIntraday UpdateMoversTrading IdeasTLRD
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