Ameriprise Financial Inc. reduced its position in Tailored Brands Inc. (NYSE:TLRD) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 358,420 shares of the company’s stock after selling 25,935 shares during the period. Ameriprise Financial Inc. owned approximately 0.74% of Tailored Brands worth $4,538,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TLRD. Bank of Montreal Can purchased a new stake in Tailored Brands during the second quarter worth about $122,000. Quantitative Systematic Strategies LLC bought a new stake in Tailored Brands during the second quarter valued at $129,000. Eqis Capital Management Inc. bought a new stake in Tailored Brands during the second quarter valued at $182,000. Riverhead Capital Management LLC bought a new stake in Tailored Brands during the first quarter valued at $218,000. Finally, Bayesian Capital Management LP bought a new stake in Tailored Brands during the first quarter valued at $251,000.
Tailored Brands Inc. (NYSE:TLRD) traded down 0.62% during mid-day trading on Monday, hitting $15.97. 58,436 shares of the stock traded hands. Tailored Brands Inc. has a 52 week low of $9.95 and a 52 week high of $42.64. The firm’s 50-day moving average price is $15.50 and its 200-day moving average price is $14.82. The firm’s market cap is $777.64 million.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings results 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 business had revenue of $909 million for the quarter, compared to analyst estimates of $890.14 million. During the same quarter in the prior year, the business earned $1.07 EPS. Tailored Brands’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Tailored Brands Inc. will post $1.70 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Tuesday, December 13th will be paid a $0.18 dividend. The ex-dividend date is Friday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 4.48%. Tailored Brands’s dividend payout ratio (DPR) is currently -3.29%.
TLRD has been the subject of several research reports. Johnson Rice upgraded shares of Tailored Brands from a “hold” rating to an “accumulate” rating in a research note on Thursday, September 1st. Deutsche Bank AG cut their price target on shares of Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Wunderlich began coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They set a “buy” rating and a $20.00 price target for the company. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, October 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Tailored Brands in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently 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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