Mason Street Advisors LLC bought a new stake in Tailored Brands Inc. (NYSE:TLRD) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 9,507 shares of the company’s stock, valued at approximately $120,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TLRD. BlackRock Fund Advisors acquired a new stake in shares of Tailored Brands during the first quarter valued at $55,626,000. JPMorgan Chase & Co. acquired a new stake in shares of Tailored Brands during the first quarter valued at $9,796,000. Bogle Investment Management L P DE acquired a new stake in shares of Tailored Brands during the first quarter valued at $6,849,000. BNP Paribas Arbitrage SA raised its stake 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 valued at $353,000 after buying an additional 8,952 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Tailored Brands during the first quarter valued at $4,515,000.
Shares of Tailored Brands Inc. (NYSE:TLRD) opened at 15.92 on Tuesday. The company’s market capitalization is $775.21 million. Tailored Brands Inc. has a 1-year low of $9.95 and a 1-year high of $42.64. The company’s 50 day moving average is $15.56 and its 200-day moving average is $14.76.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $909 million for the quarter, compared to the consensus estimate of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, December 13th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 4.52%. Tailored Brands’s payout ratio is -3.29%.
TLRD has been the topic of several recent research reports. Johnson Rice upgraded shares of 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 shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Wunderlich initiated coverage on shares of 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 upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, October 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $18.00 price target (up from $14.00) on shares of Tailored Brands in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.
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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