Federated Investors Inc. PA raised its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 60.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,101 shares of the company’s stock after purchasing an additional 55,174 shares during the period. Federated Investors Inc. PA owned 0.30% of Tailored Brands worth $1,630,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Tailored Brands by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $108,000 after purchasing an additional 4,303 shares in the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of Tailored Brands by 192,760.0% during the 2nd quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock worth $108,000 after purchasing an additional 9,638 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Tailored Brands by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock worth $129,000 after purchasing an additional 450 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Tailored Brands during the 2nd quarter worth about $147,000. Finally, SG Americas Securities LLC raised its stake in shares of Tailored Brands by 25.5% during the 1st quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after purchasing an additional 2,032 shares in the last quarter.
A number of research firms have recently weighed in on TLRD. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target (up from $12.00) on shares of Tailored Brands in a research note on Friday. FBR & Co reaffirmed an “outperform” rating and set a $16.00 price target on shares of Tailored Brands in a research note on Tuesday, July 11th. ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Wunderlich set a $24.00 price target on Tailored Brands and gave the stock a “buy” rating in a research note on Thursday, June 8th. Finally, TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tailored Brands has a consensus rating of “Hold” and an average price target of $16.71.
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In related news, Director Dinesh S. Lathi sold 3,200 shares of the company’s stock in a transaction dated 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 owns 22,757 shares in the company, valued at $247,141.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jack Calandra bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the acquisition, the chief financial officer now directly owns 31,026 shares of the company’s stock, valued at approximately $294,747. The disclosure for this purchase can be found here.
Tailored Brands Inc (TLRD) opened at 12.80 on Tuesday. Tailored Brands Inc has a 52 week low of $9.40 and a 52 week high of $28.76. The company has a 50 day moving average price of $11.88 and a 200-day moving average price of $12.84. The company has a market capitalization of $627.81 million and a P/E ratio of 24.81.
Tailored Brands (NASDAQ:TLRD) last released its earnings results on Thursday, September 7th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.26. The company had revenue of $851 million for the quarter, compared to the consensus estimate of $868.22 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Tailored Brands Inc will post $1.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors 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 annualized dividend and a yield of 5.63%.
Tailored Brands 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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