Tailored Brands Inc (NASDAQ:TLRD) Stake Raised by Credit Suisse AG
Credit Suisse AG raised its position in Tailored Brands Inc (NASDAQ:TLRD) by 21.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,481 shares of the company’s stock after buying an additional 19,196 shares during the period. Credit Suisse AG’s holdings in Tailored Brands were worth $1,621,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TLRD. Wells Fargo & Company MN raised its position in shares of Tailored Brands by 21.9% in the first quarter. Wells Fargo & Company MN now owns 197,817 shares of the company’s stock worth $2,956,000 after buying an additional 35,578 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Tailored Brands by 136.2% in the first quarter. Russell Investments Group Ltd. now owns 31,618 shares of the company’s stock worth $472,000 after buying an additional 18,231 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Tailored Brands by 8.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 65,000 shares of the company’s stock worth $971,000 after buying an additional 5,000 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock worth $151,000 after buying an additional 3,626 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Tailored Brands by 126.0% in the first quarter. Acadian Asset Management LLC now owns 176,690 shares of the company’s stock worth $2,639,000 after buying an additional 98,509 shares in the last quarter.
Tailored Brands Inc (NASDAQ:TLRD) traded down 0.79% during mid-day trading on Friday, reaching $11.30. The company’s stock had a trading volume of 1,332,251 shares. The firm has a 50 day moving average price of $11.51 and a 200-day moving average price of $14.40. Tailored Brands Inc has a 1-year low of $9.40 and a 1-year high of $28.76. The company has a market capitalization of $554.24 million and a PE ratio of 21.90.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The firm had revenue of $782.90 million for the quarter, compared to analyst estimates of $793.27 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities analysts predict that Tailored Brands Inc will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Monday, September 11th.
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A number of brokerages recently weighed in on TLRD. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price objective on shares of Tailored Brands in a report on Friday, May 5th. Deutsche Bank AG upped their target price on Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a report on Friday, May 5th. Zacks Investment Research raised Tailored Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Johnson Rice raised Tailored Brands from an “accumulate” rating to a “buy” rating in a report on Thursday, May 4th. Finally, ValuEngine raised Tailored Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 17th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.
In related news, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $10.86, for a total value of $34,752.00. Following the transaction, the director now directly owns 22,757 shares in the company, valued at approximately $247,141.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jack Calandra bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was bought at an average price of $9.50 per share, for a total transaction of $95,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 31,026 shares in the company, valued at $294,747. The disclosure for this purchase can be found here.
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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