Alliancebernstein L.P. reduced its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,795 shares of the company’s stock after selling 5,000 shares during the period. Alliancebernstein L.P. owned 0.13% of Tailored Brands worth $983,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TLRD. Arizona State Retirement System increased its position in Tailored Brands by 1.2% in the first quarter. Arizona State Retirement System now owns 25,411 shares of the company’s stock worth $380,000 after buying an additional 300 shares during the period. Frontier Capital Management Co. LLC increased its position in Tailored Brands by 14.7% in the first quarter. Frontier Capital Management Co. LLC now owns 1,561,376 shares of the company’s stock worth $23,327,000 after buying an additional 200,088 shares during the period. SG Americas Securities LLC increased 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 worth $149,000 after buying an additional 2,032 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in Tailored Brands by 124.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,081 shares of the company’s stock worth $554,000 after buying an additional 20,528 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Tailored Brands by 37.3% in the first quarter. Prudential Financial Inc. now owns 337,838 shares of the company’s stock worth $5,047,000 after buying an additional 91,820 shares in the last quarter.
Shares of Tailored Brands Inc (NASDAQ TLRD) opened at 10.51 on Friday. The firm has a 50-day moving average of $11.57 and a 200 day moving average of $14.07. Tailored Brands Inc has a 52 week low of $9.40 and a 52 week high of $28.76. The firm has a market cap of $515.49 million and a PE ratio of 20.37.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. The firm had revenue of $782.90 million for the quarter, compared to the consensus estimate of $793.27 million. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Equities research analysts predict 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. Shareholders of record on Tuesday, September 12th will be paid 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 6.85%.
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TLRD has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Tuesday, May 16th. ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG increased their price target on shares of Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target on shares of Tailored Brands in a research note on Tuesday, June 6th. Finally, Cowen and Company cut their price target on shares of Tailored Brands from $23.00 to $12.00 and set a “market perform” rating for the company in a research note on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.00.
In other news, CFO Jack Calandra purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average cost 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 in the company, valued at approximately $294,747. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dinesh S. Lathi sold 3,200 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $10.86, for a total value of $34,752.00. Following the sale, the director now owns 22,757 shares of the company’s stock, 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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