Dimensional Fund Advisors LP cut its stake in Tailored Brands Inc (NASDAQ:TLRD) by 30.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,806 shares of the company’s stock after selling 160,976 shares during the period. Dimensional Fund Advisors LP owned about 0.75% of Tailored Brands worth $5,451,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock valued at $149,000 after buying an additional 2,032 shares in the last quarter. First Mercantile Trust Co. raised its position in Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock valued at $151,000 after buying an additional 3,626 shares in the last quarter. Bank of Montreal Can raised its position in Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock valued at $153,000 after buying an additional 442 shares in the last quarter. Mason Street Advisors LLC raised its position in Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock valued at $170,000 after buying an additional 757 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in Tailored Brands during the first quarter valued at about $229,000.
Shares of Tailored Brands Inc (TLRD) traded up 1.72% during midday trading on Friday, hitting $11.86. 880,721 shares of the stock were exchanged. The stock has a 50 day moving average price of $11.53 and a 200-day moving average price of $13.70. Tailored Brands Inc has a 12 month low of $9.40 and a 12 month high of $28.76. The company has a market cap of $581.71 million and a PE ratio of 22.98.
Tailored Brands (NASDAQ:TLRD) last issued its earnings results on Friday, June 9th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. The business had revenue of $782.90 million for the quarter, compared to analyst estimates of $793.27 million. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. On average, analysts predict that Tailored Brands Inc will post $1.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.07%.
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TLRD has been the topic of several analyst reports. Wunderlich set a $24.00 price target on shares of Tailored Brands and gave the stock a “buy” rating in a report on Thursday, June 8th. Zacks Investment Research raised shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, May 16th. Johnson Rice raised shares of Tailored Brands from an “accumulate” rating to a “buy” rating in a report on Thursday, May 4th. ValuEngine raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, TheStreet raised shares of Tailored Brands from a “d+” rating to a “c-” rating in a report on Wednesday, June 7th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.
In other Tailored Brands news, CFO Jack Calandra bought 10,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of $9.50 per share, with a total value of $95,000.00. Following the completion of the acquisition, the chief financial officer now owns 31,026 shares of the company’s stock, valued at $294,747. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $10.86, for a total transaction of $34,752.00. Following the sale, the director now directly owns 22,757 shares in the company, valued at $247,141.02. The disclosure for this sale can be found here.
About Tailored Brands
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company 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. It operates through two segments: Retail and Corporate Apparel.
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