Legal & General Group Plc reduced its stake in shares of Tailored Brands Inc (NASDAQ:TLRD) by 36.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,594 shares of the company’s stock after selling 52,577 shares during the period. Legal & General Group Plc owned 0.19% of Tailored Brands worth $1,355,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Laurion Capital Management LP increased its position in shares of Tailored Brands by 33.9% in the first quarter. Laurion Capital Management LP now owns 24,500 shares of the company’s stock worth $366,000 after buying an additional 6,200 shares during the period. California Public Employees Retirement System boosted its stake in shares of Tailored Brands by 8.1% in the first quarter. California Public Employees Retirement System now owns 107,500 shares of the company’s stock worth $1,606,000 after buying an additional 8,100 shares during the period. Gagnon Securities LLC boosted its stake in shares of Tailored Brands by 32.4% in the first quarter. Gagnon Securities LLC now owns 49,258 shares of the company’s stock worth $736,000 after buying an additional 12,061 shares during the period. IPG Investment Advisors LLC boosted its stake in shares of Tailored Brands by 74.5% in the first quarter. IPG Investment Advisors LLC now owns 1,173,538 shares of the company’s stock worth $17,533,000 after buying an additional 500,860 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Tailored Brands by 229.8% in the first quarter. Wellington Management Group LLP now owns 65,631 shares of the company’s stock worth $980,000 after buying an additional 45,731 shares during the period.
Shares of Tailored Brands Inc (NASDAQ TLRD) opened at 11.30 on Friday. Tailored Brands Inc has a 12-month low of $9.40 and a 12-month high of $28.76. The company has a market capitalization of $554.24 million and a PE ratio of 21.90. The firm’s 50-day moving average price is $11.51 and its 200-day moving average price is $14.40.
Tailored Brands (NASDAQ:TLRD) last posted its quarterly earnings data on Friday, June 9th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. The company had revenue of $782.90 million for the quarter, compared to analysts’ expectations of $793.27 million. During the same period in the previous year, the business posted $0.29 EPS. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts expect that Tailored Brands Inc will post $1.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be issued a $0.18 dividend. The ex-dividend date is Monday, September 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.37%.
TLRD has been the topic of several research analyst reports. TheStreet raised Tailored Brands from a “d+” rating to a “c-” rating in a research report on Wednesday, June 7th. Deutsche Bank AG boosted their price objective on Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, May 5th. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price objective on shares of Tailored Brands in a report on Friday, May 5th. Finally, Cowen and Company dropped their target price on Tailored Brands from $23.00 to $12.00 and set a “market perform” rating for the company in a report on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.
In other Tailored Brands news, Director Dinesh S. Lathi sold 3,200 shares of Tailored Brands stock in a transaction on Thursday, June 29th. The shares were 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 $247,141.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jack Calandra acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the acquisition, the chief financial officer now owns 31,026 shares of the company’s stock, valued at approximately $294,747. The disclosure for this purchase can be found here.
About Tailored Brands
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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