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Shares of Tailored Brands (TLRD - Get Report) continued their downward spiral Thursday, even as analysts at B. Riley FBR boosted their price target on the beleaguered men's clothing chain.

The stock price of the owner of Men's Wearhouse and Jos. A. Bank plunged 25.87% to $5.32, even as the analysts raised their price target on the struggling retailer to $6, up from $5 previously.

Investors have been bailing on the stock following Tailored Brand's release of a mixed, second-quarter financial report. 

While the men's apparel chain beat analysts' estimates on earnings and came in on target on revenue, Tailored Brands also suspended its dividend and warned investors of a tougher third quarter.

The retailer said it would suspend payment of its 18-cents-a-share dividend in the fourth quarter in order to pay down corporate debt and repurchase shares. In addition, Tailored Brands also forecast lower third-quarter sales, with earnings per share to drop to between 40 cents to 45 cents.

Tailored Brands also warned investors it was bracing for a drop in same-store sales of 3% to 5% at Men's Wearhouse and 2% to 4% at Jos. A. Bank.

Still, the retailer beat analysts' expectations with its second-quarter earnings. GAAP diluted EPS was 68 cents a share. Adjusted EPS was 82 cents, coming in above the 74 cents expected by analysts surveyed by Zacks Investment Research.