Cubist Systematic Strategies LLC increased its holdings in shares of Tailored Brands Inc (NYSE:TLRD) by 35.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 21,734 shares of the company’s stock after acquiring an additional 5,732 shares during the period. Cubist Systematic Strategies LLC’s holdings in Tailored Brands were worth $555,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Tailored Brands by 9.3% during the second quarter. BlackRock Inc. now owns 6,818,982 shares of the company’s stock worth $174,019,000 after purchasing an additional 577,425 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tailored Brands by 15.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,833 shares of the company’s stock worth $28,299,000 after purchasing an additional 148,217 shares in the last quarter. Northern Trust Corp grew its position in shares of Tailored Brands by 0.7% during the first quarter. Northern Trust Corp now owns 595,255 shares of the company’s stock worth $14,918,000 after purchasing an additional 4,175 shares in the last quarter. American Century Companies Inc. grew its position in shares of Tailored Brands by 54.7% during the second quarter. American Century Companies Inc. now owns 545,555 shares of the company’s stock worth $13,923,000 after purchasing an additional 192,978 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Tailored Brands by 31.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 503,434 shares of the company’s stock worth $12,617,000 after purchasing an additional 119,945 shares in the last quarter. Hedge funds and other institutional investors own 99.93% of the company’s stock.
In related news, Director David H. Edwab sold 15,000 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $25.54, for a total transaction of $383,100.00. Following the completion of the transaction, the director now directly owns 36,217 shares of the company’s stock, valued at $924,982.18. The sale was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on TLRD shares. Deutsche Bank cut their target price on Tailored Brands from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, August 20th. Zacks Investment Research cut Tailored Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. Finally, ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tailored Brands has an average rating of “Buy” and an average price target of $27.00.
Shares of Tailored Brands stock opened at $25.68 on Thursday. Tailored Brands Inc has a 12 month low of $13.11 and a 12 month high of $35.94. The company has a market cap of $1.26 billion, a P/E ratio of 11.67, a PEG ratio of 0.63 and a beta of 1.71. The company has a debt-to-equity ratio of 120,737.00, a current ratio of 2.12 and a quick ratio of 0.46.
Tailored Brands (NYSE:TLRD) last announced its quarterly earnings results on Wednesday, September 12th. The company reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Tailored Brands had a negative return on equity of 933.71% and a net margin of 3.01%. The company had revenue of $823.00 million during the quarter, compared to analyst estimates of $828.36 million. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. research analysts predict that Tailored Brands Inc will post 2.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, December 17th. Tailored Brands’s payout ratio is presently 32.73%.
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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