Teachers Advisors LLC lowered its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 81.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,242 shares of the company’s stock after selling 418,164 shares during the period. Teachers Advisors LLC owned about 0.19% of Tailored Brands worth $1,408,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of TLRD. SG Americas Securities LLC increased its stake in Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after buying an additional 2,032 shares in the last quarter. First Mercantile Trust Co. increased its stake in Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock worth $151,000 after buying an additional 3,626 shares in the last quarter. Bank of Montreal Can increased its stake in Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock worth $153,000 after buying an additional 442 shares in the last quarter. Mason Street Advisors LLC increased its stake in Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock worth $170,000 after buying an additional 757 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Tailored Brands by 92.8% in the first quarter. Wedge Capital Management L L P NC now owns 19,461 shares of the company’s stock worth $291,000 after buying an additional 9,368 shares in the last quarter.
Shares of Tailored Brands Inc (NASDAQ:TLRD) traded up 1.72% during mid-day trading on Friday, reaching $11.86. 880,721 shares of the company traded hands. Tailored Brands Inc has a 52 week low of $9.40 and a 52 week high of $28.76. The stock has a market capitalization of $581.71 million and a PE ratio of 22.98. The firm has a 50 day moving average of $11.53 and a 200-day moving average of $13.70.
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 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. During the same period last year, the business posted $0.29 EPS. Tailored Brands’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts expect that Tailored Brands Inc will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.72 dividend on an annualized basis and a yield of 6.07%.
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A number of research firms have recently weighed in on TLRD. Zacks Investment Research downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. FBR & Co reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Tailored Brands in a research report on Tuesday, July 11th. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Cowen and Company reduced their target price on shares of Tailored Brands from $23.00 to $12.00 and set a “market perform” rating on the stock in a research report on Friday, June 9th. Finally, TheStreet raised shares of Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.
In other news, CFO Jack Calandra purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the purchase, the chief financial officer now directly owns 31,026 shares of the company’s stock, valued at approximately $294,747. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now owns 22,757 shares in the company, valued at approximately $247,141.02. The disclosure for this sale can be found here.
Tailored Brands Company Profile
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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