Sei Investments Co. Has $529,000 Holdings in Tailored Brands Inc (TLRD)

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Sei Investments Co. raised its holdings in shares of Tailored Brands Inc (NYSE:TLRD) by 181.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,694 shares of the company’s stock after buying an additional 13,353 shares during the period. Sei Investments Co.’s holdings in Tailored Brands were worth $529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Engines Advisors L.L.C. raised its stake in shares of Tailored Brands by 94.1% during the second quarter. Financial Engines Advisors L.L.C. now owns 7,136 shares of the company’s stock valued at $182,000 after acquiring an additional 3,459 shares during the last quarter. Amalgamated Bank bought a new position in shares of Tailored Brands during the second quarter valued at about $207,000. Element Capital Management LLC bought a new position in shares of Tailored Brands during the first quarter valued at about $226,000. Xact Kapitalforvaltning AB bought a new position in shares of Tailored Brands during the first quarter valued at about $238,000. Finally, Profund Advisors LLC bought a new position in shares of Tailored Brands during the first quarter valued at about $247,000. Institutional investors and hedge funds own 99.93% of the company’s stock.

In related news, Director Dinesh S. Lathi sold 3,000 shares of the stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total value of $81,270.00. Following the completion of the transaction, the director now directly owns 19,757 shares of the company’s stock, valued at $535,217.13. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Several brokerages have recently commented on TLRD. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Deutsche Bank upped their price objective on shares of Tailored Brands from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.33.

TLRD stock opened at $25.86 on Friday. Tailored Brands Inc has a 1 year low of $13.11 and a 1 year high of $35.94. The stock has a market capitalization of $1.19 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.60 and a beta of 1.71. The company has a quick ratio of 0.45, a current ratio of 1.97 and a debt-to-equity ratio of -34.32.

Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, September 12th. The company reported $1.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.07. Tailored Brands had a net margin of 3.01% and a negative return on equity of 700.15%. The company had revenue of $823.00 million during the quarter, compared to the consensus estimate of $828.36 million. During the same period in the prior year, the firm earned $0.99 earnings per share. Tailored Brands’s revenue was down 3.3% on a year-over-year basis. equities analysts anticipate that Tailored Brands Inc will post 2.5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 18th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, September 17th. Tailored Brands’s payout ratio is currently 32.73%.

About Tailored Brands

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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