Axa Has $3.67 Million Position in Tailored Brands Inc (TLRD)

Axa increased its holdings in Tailored Brands Inc (NYSE:TLRD) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 145,700 shares of the company’s stock after acquiring an additional 7,100 shares during the period. Axa owned approximately 0.29% of Tailored Brands worth $3,670,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky raised its stake in shares of Tailored Brands by 23.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 18,527 shares of the company’s stock valued at $467,000 after acquiring an additional 3,500 shares in the last quarter. Hartford Investment Management Co. raised its stake in Tailored Brands by 121.7% in the third quarter. Hartford Investment Management Co. now owns 26,479 shares of the company’s stock valued at $667,000 after buying an additional 14,533 shares in the last quarter. SG Americas Securities LLC raised its stake in Tailored Brands by 395.3% in the third quarter. SG Americas Securities LLC now owns 21,395 shares of the company’s stock valued at $539,000 after buying an additional 17,075 shares in the last quarter. LSV Asset Management raised its stake in Tailored Brands by 105.6% in the third quarter. LSV Asset Management now owns 121,300 shares of the company’s stock valued at $3,055,000 after buying an additional 62,300 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Tailored Brands by 38.6% in the third quarter. Systematic Financial Management LP now owns 66,285 shares of the company’s stock valued at $1,670,000 after buying an additional 18,465 shares in the last quarter.

A number of research firms have weighed in on TLRD. ValuEngine cut Tailored Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Tailored Brands from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Saturday, September 1st. Finally, Deutsche Bank raised their price target on Tailored Brands from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th.

In other Tailored Brands news, Director David H. Edwab sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $25.54, for a total transaction of $383,100.00. Following the transaction, the director now owns 36,217 shares of the company’s stock, valued at $924,982.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Tailored Brands stock opened at $22.90 on Monday. Tailored Brands Inc has a 1-year low of $16.54 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 120,737.00, a quick ratio of 0.46 and a current ratio of 2.12. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, September 12th. The company reported $1.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.07. Tailored Brands had a negative return on equity of 933.71% and a net margin of 3.01%. The company had revenue of $823.00 million for the quarter, compared to analysts’ expectations of $828.36 million. During the same period last year, the firm earned $0.99 earnings per share. Tailored Brands’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Tailored Brands Inc will post 2.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, December 17th. Tailored Brands’s payout ratio is 32.73%.

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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.

Further Reading: Different Types of Derivatives

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

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