Teachers Retirement System of The State of Kentucky grew its position in Tailored Brands Inc (NYSE:TLRD) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,527 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tailored Brands were worth $467,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Caption Management LLC bought a new stake in shares of Tailored Brands in the second quarter valued at about $128,000. Zacks Investment Management bought a new stake in shares of Tailored Brands in the second quarter valued at about $206,000. Amalgamated Bank bought a new stake in shares of Tailored Brands in the second quarter valued at about $207,000. USA Financial Portformulas Corp bought a new stake in shares of Tailored Brands in the third quarter valued at about $208,000. Finally, United Services Automobile Association bought a new stake in shares of Tailored Brands in the second quarter valued at about $209,000.
In related news, Director David H. Edwab sold 15,000 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $25.54, for a total transaction of $383,100.00. Following the sale, the director now owns 36,217 shares in the company, valued at $924,982.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
A number of analysts have recently commented on the company. Deutsche Bank boosted their price target on Tailored Brands from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. Zacks Investment Research lowered Tailored Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, ValuEngine lowered Tailored Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
TLRD opened at $21.52 on Friday. Tailored Brands Inc has a 52-week low of $19.32 and a 52-week high of $35.94. The stock has a market cap of $1.15 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.58 and a beta of 1.63. The company has a debt-to-equity ratio of 120,737.00, a quick ratio of 0.46 and a current ratio of 2.12.
Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, September 12th. The company reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Tailored Brands had a negative return on equity of 933.71% and a net margin of 3.01%. The business had revenue of $823.00 million for the quarter, compared to analyst estimates of $828.36 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. Tailored Brands’s revenue was down 3.3% on a year-over-year basis. Equities research analysts predict that Tailored Brands Inc will post 2.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, December 17th. This represents a $0.72 annualized dividend and a yield of 3.35%. Tailored Brands’s payout ratio is presently 32.73%.
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About Tailored Brands
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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