Canada Pension Plan Investment Board grew its holdings in Tailored Brands Inc (NYSE:TLRD) by 59.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 668,851 shares of the company’s stock after acquiring an additional 249,351 shares during the period. Canada Pension Plan Investment Board owned about 1.34% of Tailored Brands worth $16,848,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Caption Management LLC purchased a new stake in shares of Tailored Brands in the 2nd quarter valued at $128,000. Zacks Investment Management purchased a new stake in Tailored Brands during the second quarter worth $206,000. Amalgamated Bank purchased a new stake in Tailored Brands during the second quarter worth $207,000. USA Financial Portformulas Corp purchased a new stake in Tailored Brands during the third quarter worth $208,000. Finally, United Services Automobile Association purchased a new stake in Tailored Brands during the second quarter worth $209,000.
Shares of NYSE TLRD 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 firm has a market cap of $1.14 billion, a P/E ratio of 10.41, a PEG ratio of 0.57 and a beta of 1.69. The company has a current ratio of 2.12, a quick ratio of 0.46 and a debt-to-equity ratio of 120,737.00.
Tailored Brands (NYSE:TLRD) last announced 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 933.71%. The firm had revenue of $823.00 million for the quarter, compared to the consensus estimate of $828.36 million. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, research 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 issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Monday, December 17th. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. ValuEngine downgraded shares of Tailored Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Deutsche Bank lowered their price target on shares of Tailored Brands from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, August 20th.
In related news, Director David H. Edwab sold 15,000 shares of the stock in a transaction on Monday, September 17th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
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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