Dynamic Technology Lab Private Ltd acquired a new stake in shares of Tailored Brands Inc. (NYSE:TLRD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,396 shares of the company’s stock, valued at approximately $233,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FineMark National Bank & Trust boosted its position in Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock worth $114,000 after buying an additional 8,468 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Tailored Brands during the second quarter worth approximately $122,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Tailored Brands during the second quarter worth approximately $129,000. Riverhead Capital Management LLC purchased a new position in shares of Tailored Brands during the first quarter worth approximately $218,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Tailored Brands during the first quarter worth approximately $251,000.
Tailored Brands Inc. (NYSE:TLRD) opened at 15.39 on Tuesday. The firm’s market capitalization is $749.40 million. Tailored Brands Inc. has a one year low of $9.95 and a one year high of $44.68. The company has a 50-day moving average price of $15.13 and a 200-day moving average price of $14.84.
Tailored Brands (NYSE:TLRD) last released its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $909 million for the quarter, compared to the consensus estimate of $890.14 million. Tailored Brands had a positive return on equity of 40.50% and a negative net margin of 30.86%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. On average, equities research analysts anticipate that Tailored Brands Inc. will post $1.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Tuesday, December 13th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.68%. Tailored Brands’s dividend payout ratio (DPR) is -3.29%.
A number of research firms have issued reports on TLRD. Wunderlich began coverage on Tailored Brands in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research lowered Tailored Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Johnson Rice raised Tailored Brands from a “hold” rating to an “accumulate” rating in a research report on Thursday, September 1st. Deutsche Bank AG reduced their price target on Tailored Brands from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Tailored Brands in a research report on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.57.
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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