Stoneridge Investment Partners LLC reduced its position in Tailored Brands Inc (NASDAQ:TLRD) by 62.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,493 shares of the company’s stock after selling 76,175 shares during the period. Stoneridge Investment Partners LLC owned 0.09% of Tailored Brands worth $508,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of TLRD. State of Alaska Department of Revenue increased its stake in shares of Tailored Brands by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $108,000 after buying an additional 4,303 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Tailored Brands by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock worth $129,000 after buying an additional 450 shares in the last quarter. Atria Investments LLC bought a new stake in shares of Tailored Brands during the second quarter worth about $147,000. SG Americas Securities LLC increased its stake in shares of Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after buying an additional 2,032 shares in the last quarter. Finally, First Mercantile Trust Co. increased its stake 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.
Shares of Tailored Brands Inc (NASDAQ:TLRD) opened at 11.39 on Friday. The stock has a market cap of $558.66 million and a price-to-earnings ratio of 22.07. Tailored Brands Inc has a 1-year low of $9.40 and a 1-year high of $28.76. The firm has a 50-day moving average price of $11.46 and a 200-day moving average price of $14.47.
Tailored Brands (NASDAQ:TLRD) last posted its earnings results on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 period in the previous year, the company posted $0.29 EPS. Tailored Brands’s revenue was down 5.5% on a year-over-year basis. Equities analysts forecast that Tailored Brands Inc will post $1.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Monday, September 11th.
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TLRD has been the topic of a number of recent analyst reports. Wunderlich set a $24.00 target price on Tailored Brands and gave the stock a “buy” rating in a research note on Thursday, June 8th. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, May 16th. Johnson Rice upgraded Tailored Brands from an “accumulate” rating to a “buy” rating in a research note on Thursday, May 4th. ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, TheStreet upgraded Tailored Brands from a “d+” rating to a “c-” rating in a research note on Wednesday, June 7th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tailored Brands presently has a consensus rating of “Hold” and a consensus price target of $17.00.
In other news, CFO Jack Calandra bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of $9.50 per share, with a total value of $95,000.00. Following the purchase, the chief financial officer now owns 31,026 shares in the company, valued at $294,747. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dinesh S. Lathi sold 3,200 shares of the stock in a transaction dated 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 disclosure for this sale 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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