Capital Fund Management S.A. cut its position in shares of Tailored Brands Inc. (NYSE:TLRD) by 52.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,810 shares of the company’s stock after selling 245,700 shares during the period. Capital Fund Management S.A. owned 0.46% of Tailored Brands worth $2,833,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. BlackRock Fund Advisors acquired a new position in shares of Tailored Brands during the first quarter worth approximately $55,626,000. JPMorgan Chase & Co. acquired a new position in shares of Tailored Brands during the first quarter worth approximately $9,796,000. Bogle Investment Management L P DE acquired a new position in shares of Tailored Brands during the first quarter worth approximately $6,849,000. BNP Paribas Arbitrage SA increased its position in shares of Tailored Brands by 47.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,907 shares of the company’s stock worth $353,000 after buying an additional 8,952 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Tailored Brands during the first quarter worth approximately $4,515,000.
Shares of Tailored Brands Inc. (NYSE:TLRD) traded down 1.30% on Tuesday, reaching $15.19. 1,025,171 shares of the company’s stock traded hands. Tailored Brands Inc. has a 52 week low of $9.95 and a 52 week high of $44.68. The company’s 50-day moving average is $15.15 and its 200-day moving average is $14.82. The firm’s market capitalization is $739.66 million.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The firm had revenue of $909 million for the quarter, compared to the consensus estimate of $890.14 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Tailored Brands Inc. will post $1.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Friday, December 9th. Tailored Brands’s payout ratio is presently -3.29%.
TLRD has been the topic of a number of research reports. Deutsche Bank AG reissued a “buy” rating and issued a $23.00 target price on shares of Tailored Brands in a research note on Tuesday, June 7th. Wunderlich initiated coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Johnson Rice raised shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research note on Thursday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 target price (up previously from $14.00) on shares of Tailored Brands in a research note on Thursday, September 8th. Finally, Zacks Investment Research downgraded shares of Tailored Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given 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 target price of $17.57.
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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