Dynamic Technology Lab Private Ltd Invests $233,000 in Tailored Brands Inc. (TLRD)
Dynamic Technology Lab Private Ltd purchased a new stake in shares of Tailored Brands Inc. (NYSE:TLRD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,396 shares of the company’s stock, valued at approximately $233,000.
Several other hedge funds have also bought and sold shares of the stock. FineMark National Bank & Trust boosted its position in shares of Tailored Brands by 1,520.3% in the second quarter. FineMark National Bank & Trust now owns 9,025 shares of the company’s stock valued at $114,000 after buying an additional 8,468 shares in the last quarter. Bank of Montreal Can bought a new position in Tailored Brands during the second quarter worth approximately $122,000. Quantitative Systematic Strategies LLC bought a new position in Tailored Brands during the second quarter worth approximately $129,000. Eqis Capital Management Inc. bought a new position in Tailored Brands during the second quarter worth approximately $182,000. Finally, Riverhead Capital Management LLC bought a new position in Tailored Brands during the first quarter worth approximately $218,000.
Shares of Tailored Brands Inc. (NYSE:TLRD) opened at 15.39 on Tuesday. The company’s 50-day moving average is $15.13 and its 200-day moving average is $14.84. Tailored Brands Inc. has a 12-month low of $9.95 and a 12-month high of $44.68. The company’s market capitalization is $749.40 million.
Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, September 7th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The company had revenue of $909 million for the quarter, compared to analysts’ expectations of $890.14 million. During the same quarter last year, the business earned $1.07 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Analysts predict that Tailored Brands Inc. will post $1.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Tuesday, December 13th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, December 9th. Tailored Brands’s payout ratio is currently -3.29%.
A number of equities analysts have commented on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $23.00 price target on shares of Tailored Brands in a research note on Tuesday, June 7th. Stifel Nicolaus reissued a “hold” rating on shares of Tailored Brands in a research note on Thursday, June 9th. Wunderlich assumed coverage on shares of Tailored Brands in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $20.00 price target for the company. Zacks Investment Research raised shares of Tailored Brands from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Finally, Jefferies Group cut their price target on shares of Tailored Brands from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, June 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.57.
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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