Q Global Advisors LLC Acquires New Position in Tailored Brands Inc (NYSE:TLRD)

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Q Global Advisors LLC acquired a new stake in Tailored Brands Inc (NYSE:TLRD) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,167,278 shares of the company’s stock, valued at approximately $12,505,000. Tailored Brands accounts for 12.7% of Q Global Advisors LLC’s portfolio, making the stock its 3rd largest holding. Q Global Advisors LLC owned 4.29% of Tailored Brands as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wedbush Securities Inc. purchased a new position in Tailored Brands during the 2nd quarter valued at about $75,000. Cito Capital Group LLC purchased a new position in Tailored Brands during the 1st quarter valued at about $141,000. Nisa Investment Advisors LLC grew its holdings in Tailored Brands by 126.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 136,860 shares of the company’s stock valued at $790,000 after buying an additional 76,400 shares in the last quarter. Advantage Investment Management LLC purchased a new position in Tailored Brands during the 2nd quarter valued at about $202,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Tailored Brands by 115.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 62,270 shares of the company’s stock valued at $359,000 after buying an additional 33,400 shares in the last quarter. Institutional investors and hedge funds own 99.46% of the company’s stock.

A number of research analysts have weighed in on TLRD shares. Zacks Investment Research lowered Tailored Brands from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. ValuEngine raised Tailored Brands from a “strong sell” rating to a “sell” rating in a report on Monday. Finally, B. Riley boosted their price objective on Tailored Brands from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Tailored Brands has a consensus rating of “Hold” and a consensus target price of $15.00.

Shares of NYSE TLRD traded down $0.20 during midday trading on Thursday, hitting $4.34. 5,119,610 shares of the company’s stock were exchanged, compared to its average volume of 4,978,534. Tailored Brands Inc has a 12-month low of $4.21 and a 12-month high of $26.18. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 418.48. The company has a market cap of $223.32 million, a price-to-earnings ratio of 1.88 and a beta of 1.83. The business’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $6.69.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, September 11th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.08. Tailored Brands had a return on equity of 2,629.06% and a net margin of 1.94%. The company had revenue of $789.50 million during the quarter, compared to analyst estimates of $788.98 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. Tailored Brands’s revenue was down 4.1% on a year-over-year basis. Equities analysts expect that Tailored Brands Inc will post 1.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 16.59%. The ex-dividend date is Monday, September 16th. Tailored Brands’s payout ratio is 31.17%.

In other news, CEO Dinesh S. Lathi bought 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $4.92 per share, with a total value of $49,200.00. Following the completion of the purchase, the chief executive officer now directly owns 46,267 shares in the company, valued at $227,633.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Theo Killion bought 15,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was purchased at an average cost of $4.64 per share, with a total value of $69,600.00. Following the purchase, the director now owns 59,754 shares of the company’s stock, valued at $277,258.56. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.

Tailored Brands 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.

Read More: Average Daily Trade Volume – What You Need to Know

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

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