First Trust Advisors LP increased its position in shares of Tailored Brands Inc (NYSE:TLRD) by 94.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,823 shares of the company’s stock after buying an additional 22,732 shares during the period. First Trust Advisors LP owned 0.09% of Tailored Brands worth $1,179,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caption Management LLC bought a new stake in Tailored Brands in the 2nd quarter valued at $128,000. Zacks Investment Management bought a new stake in Tailored Brands in the 2nd quarter valued at $206,000. Amalgamated Bank bought a new stake in Tailored Brands in the 2nd quarter valued at $207,000. United Services Automobile Association bought a new stake in Tailored Brands in the 2nd quarter valued at $209,000. Finally, Laurion Capital Management LP bought a new stake in Tailored Brands in the 2nd quarter valued at $229,000.
In other 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 value of $383,100.00. Following the completion of the transaction, the director now owns 36,217 shares in the company, valued at approximately $924,982.18. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.
A number of analysts have weighed in on TLRD shares. Deutsche Bank reduced their price target on shares of Tailored Brands from $31.00 to $28.00 and set a “hold” rating for the company in a report on Monday, August 20th. Zacks Investment Research downgraded shares of Tailored Brands from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Finally, ValuEngine downgraded shares of Tailored Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
Shares of Tailored Brands stock opened at $21.52 on Friday. The company has a quick ratio of 0.46, a current ratio of 2.12 and a debt-to-equity ratio of 120,737.00. Tailored Brands Inc has a fifty-two week low of $19.32 and a fifty-two week high of $35.94. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.58 and a beta of 1.63.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, September 12th. The company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Tailored Brands had a net margin of 3.01% and a negative return on equity of 933.71%. The company had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $828.36 million. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts expect that Tailored Brands Inc will post 2.5 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, December 17th. Tailored Brands’s dividend 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.
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