State Street Corp decreased its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,337,390 shares of the company’s stock after selling 53,836 shares during the period. State Street Corp owned approximately 2.74% of Tailored Brands worth $34,172,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Mercantile Trust Co. acquired a new stake in Tailored Brands during the third quarter worth $142,000. FineMark National Bank & Trust raised its stake in Tailored Brands by 2.2% in the third quarter. FineMark National Bank & Trust now owns 9,224 shares of the company’s stock worth $145,000 after buying an additional 199 shares during the last quarter. Bank of Montreal Can raised its stake in Tailored Brands by 1.8% in the third quarter. Bank of Montreal Can now owns 9,763 shares of the company’s stock worth $153,000 after buying an additional 177 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Tailored Brands by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,810 shares of the company’s stock worth $170,000 after buying an additional 180 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Tailored Brands during the third quarter worth $191,000.
Tailored Brands Inc (NASDAQ:TLRD) traded up 0.32% during trading on Friday, hitting $12.65. 717,695 shares of the stock traded hands. The company’s 50 day moving average price is $15.37 and its 200-day moving average price is $19.09. Tailored Brands Inc has a 52-week low of $10.90 and a 52-week high of $28.76. The stock has a market cap of $617.10 million and a P/E ratio of 24.80.
Tailored Brands (NASDAQ:TLRD) last announced its quarterly earnings results on Wednesday, March 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The firm earned $793 million during the quarter, compared to analyst estimates of $811.36 million. Tailored Brands’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. Equities research analysts forecast that Tailored Brands Inc will post $1.72 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on TLRD shares. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, March 3rd. TheStreet upgraded shares of Tailored Brands from a “d” rating to a “c” rating in a research report on Wednesday, March 8th. Jefferies Group LLC set a $19.00 price target on shares of Tailored Brands and gave the company a “hold” rating in a research report on Monday, April 10th. Wunderlich restated a “buy” rating and set a $30.00 price target on shares of Tailored Brands in a research report on Monday, March 6th. Finally, Mizuho lowered shares of Tailored Brands from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $18.00 in a research report on Thursday, March 9th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.00.
In other news, major shareholder Eminence Capital, Lp purchased 1,110,000 shares of Tailored Brands stock in a transaction dated Monday, January 30th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $22,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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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