Sei Investments Co. boosted its position in shares of Tailored Brands Inc (NYSE:TLRD) by 181.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,694 shares of the company’s stock after purchasing an additional 13,353 shares during the quarter. Sei Investments Co.’s holdings in Tailored Brands were worth $529,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. WBI Investments Inc. lifted its stake in Tailored Brands by 1,933.9% in the first quarter. WBI Investments Inc. now owns 602,955 shares of the company’s stock valued at $15,110,000 after buying an additional 573,310 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tailored Brands by 32.1% during the first quarter. Dimensional Fund Advisors LP now owns 960,616 shares of the company’s stock worth $24,073,000 after buying an additional 233,582 shares in the last quarter. Tyvor Capital LLC grew its stake in Tailored Brands by 595.3% during the second quarter. Tyvor Capital LLC now owns 198,066 shares of the company’s stock worth $5,055,000 after buying an additional 169,581 shares in the last quarter. James Investment Research Inc. acquired a new stake in Tailored Brands during the second quarter worth about $3,309,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Tailored Brands during the first quarter worth about $3,133,000. Hedge funds and other institutional investors own 99.93% of the company’s stock.
In related news, Director David H. Edwab sold 15,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $25.54, for a total transaction of $383,100.00. Following the sale, the director now directly owns 36,217 shares of the company’s stock, valued at $924,982.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, September 12th. The company reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Tailored Brands had a negative return on equity of 933.71% and a net margin of 3.01%. The business had revenue of $823.00 million for the quarter, compared to analysts’ expectations of $828.36 million. During the same period last year, the business earned $0.99 EPS. The business’s revenue was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Tailored Brands Inc will post 2.5 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be paid a $0.18 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.72 annualized dividend and a yield of 3.26%. Tailored Brands’s payout ratio is 32.73%.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Zacks Investment Research upgraded shares of Tailored Brands from a “sell” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday, September 1st. Finally, Deutsche Bank reduced their price objective on shares of Tailored Brands from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.00.
Tailored Brands Company Profile
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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