Vanguard Group Inc. raised its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 55.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,091,895 shares of the company’s stock after buying an additional 3,248,995 shares during the period. Vanguard Group Inc. owned about 18.64% of Tailored Brands worth $135,834,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in Tailored Brands by 126.0% in the first quarter. Acadian Asset Management LLC now owns 176,690 shares of the company’s stock worth $2,639,000 after buying an additional 98,509 shares during the period. Nationwide Fund Advisors raised its position in Tailored Brands by 85.6% in the first quarter. Nationwide Fund Advisors now owns 214,761 shares of the company’s stock worth $3,209,000 after buying an additional 99,032 shares during the period. James Investment Research Inc. purchased a new position in Tailored Brands during the first quarter worth approximately $1,304,000. Louisiana State Employees Retirement System raised its position in Tailored Brands by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the company’s stock worth $297,000 after buying an additional 300 shares during the period. Finally, 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 worth $153,000 after buying an additional 442 shares during the period.
Shares of Tailored Brands Inc (NASDAQ:TLRD) traded down 1.59% during midday trading on Friday, reaching $10.51. 1,109,181 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $11.57 and its 200 day moving average price is $14.07. 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 $515.49 million and a price-to-earnings ratio of 20.37.
Tailored Brands (NASDAQ:TLRD) last posted its quarterly earnings results on Friday, June 9th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. The business had revenue of $782.90 million during the quarter, compared to the consensus estimate of $793.27 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities analysts anticipate that Tailored Brands Inc will post $1.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a $0.18 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.72 annualized dividend and a dividend yield of 6.85%.
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A number of research analysts have recently commented on the stock. Jefferies Group LLC restated a “hold” rating and set a $14.00 price target on shares of Tailored Brands in a research report on Friday, May 5th. Deutsche Bank AG upped their target price on shares of Tailored Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Tailored Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Johnson Rice upgraded shares of Tailored Brands from an “accumulate” rating to a “buy” rating in a research report on Thursday, May 4th. Finally, ValuEngine raised shares of Tailored Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 17th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.00.
In other news, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction that occurred on Thursday, June 29th. The shares were 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 of the company’s stock, valued at approximately $247,141.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jack Calandra acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the transaction, the chief financial officer now owns 31,026 shares in the company, valued at $294,747. The disclosure for this purchase 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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