Employees Retirement System of Texas acquired a new stake in shares of Tailored Brands Inc (NYSE:TLRD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 39,000 shares of the company’s stock, valued at approximately $995,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Tailored Brands by 9.3% during the 2nd quarter. BlackRock Inc. now owns 6,818,982 shares of the company’s stock valued at $174,019,000 after purchasing an additional 577,425 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tailored Brands by 15.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,833 shares of the company’s stock valued at $28,299,000 after purchasing an additional 148,217 shares in the last quarter. WBI Investments Inc. increased its holdings in shares of Tailored Brands by 1,933.9% during the 1st quarter. WBI Investments Inc. now owns 602,955 shares of the company’s stock valued at $15,110,000 after purchasing an additional 573,310 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tailored Brands by 0.7% during the 1st quarter. Northern Trust Corp now owns 595,255 shares of the company’s stock valued at $14,918,000 after purchasing an additional 4,175 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Tailored Brands by 54.7% during the 2nd quarter. American Century Companies Inc. now owns 545,555 shares of the company’s stock valued at $13,923,000 after purchasing an additional 192,978 shares in the last quarter. Institutional investors and hedge funds own 99.93% of the company’s stock.

In related news, Director Dinesh S. Lathi sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total value of $81,270.00. Following the completion of the sale, the director now owns 19,757 shares of the company’s stock, valued at approximately $535,217.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Tailored Brands from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a report on Saturday, September 1st. Deutsche Bank lifted their target price on shares of Tailored Brands from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Finally, Jefferies Financial Group raised shares of Tailored Brands from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $20.75.

Shares of NYSE TLRD opened at $22.61 on Friday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.56 and a beta of 1.71. The company has a quick ratio of 0.45, a current ratio of 1.97 and a debt-to-equity ratio of -34.32. Tailored Brands Inc has a one year low of $12.04 and a one year high of $35.94.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, June 13th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $818.00 million during the quarter, compared to analyst estimates of $794.05 million. Tailored Brands had a net margin of 3.26% and a negative return on equity of 488.59%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. equities research analysts expect that Tailored Brands Inc will post 2.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 18th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, September 17th. Tailored Brands’s payout ratio is presently 32.73%.

Tailored Brands 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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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