California Public Employees Retirement System Decreases Position in Tailored Brands Inc. (TLRD)
California Public Employees Retirement System reduced its stake in shares of Tailored Brands Inc. (NYSE:TLRD) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 111,700 shares of the company’s stock after selling 3,500 shares during the period. California Public Employees Retirement System owned 0.23% of Tailored Brands worth $1,414,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Tailored Brands by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,500 shares of the company’s stock valued at $272,000 after buying an additional 100 shares in the last quarter. Swiss National Bank boosted its stake in Tailored Brands by 5.3% in the second quarter. Swiss National Bank now owns 73,100 shares of the company’s stock valued at $925,000 after buying an additional 3,700 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Tailored Brands by 47.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,907 shares of the company’s stock valued at $353,000 after buying an additional 8,952 shares in the last quarter. Strs Ohio boosted its stake in Tailored Brands by 29.1% in the second quarter. Strs Ohio now owns 41,300 shares of the company’s stock valued at $522,000 after buying an additional 9,300 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in Tailored Brands during the second quarter valued at approximately $122,000.
Shares of Tailored Brands Inc. (NYSE:TLRD) traded up 1.779% during midday trading on Wednesday, hitting $16.305. The stock had a trading volume of 256,529 shares. The stock has a 50-day moving average price of $15.36 and a 200-day moving average price of $14.80. The stock’s market cap is $793.96 million. Tailored Brands Inc. has a 12-month low of $9.95 and a 12-month high of $43.69.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm had revenue of $909 million for the quarter, compared to analyst estimates of $890.14 million. Tailored Brands had a negative net margin of 30.86% and a positive return on equity of 40.50%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts forecast that Tailored Brands Inc. will post $1.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Tuesday, December 13th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.72 annualized dividend and a yield of 4.49%. Tailored Brands’s dividend payout ratio (DPR) is -3.29%.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Tailored Brands from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday. Mizuho increased their price target on Tailored Brands from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 price target (up previously from $14.00) on shares of Tailored Brands in a report on Thursday, September 8th. Deutsche Bank AG cut their price target on Tailored Brands from $23.00 to $22.00 and set a “buy” rating for the company in a report on Monday, August 8th. Finally, Johnson Rice raised Tailored Brands from a “hold” rating to an “accumulate” rating in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.
Tailored Brands Company Profile
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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