Legal & General Group Plc lowered its position in shares of Tailored Brands Inc (NASDAQ:TLRD) by 36.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 90,594 shares of the company’s stock after selling 52,577 shares during the period. Legal & General Group Plc owned approximately 0.19% of Tailored Brands worth $1,355,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. FMR LLC purchased a new stake in Tailored Brands during the fourth quarter worth approximately $24,454,000. Norges Bank purchased a new stake in Tailored Brands during the fourth quarter worth approximately $13,120,000. IPG Investment Advisors LLC boosted its stake in 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 last quarter. Oxford Asset Management purchased a new stake in Tailored Brands during the first quarter worth approximately $3,370,000. Finally, Frontier Capital Management Co. LLC boosted its stake in Tailored Brands by 14.7% in the first quarter. Frontier Capital Management Co. LLC now owns 1,561,376 shares of the company’s stock worth $23,327,000 after buying an additional 200,088 shares during the last quarter.
Shares of Tailored Brands Inc (NASDAQ TLRD) traded down 1.59% during midday trading on Friday, reaching $10.51. 1,109,181 shares of the company traded hands. The company has a 50 day moving average price of $11.57 and a 200 day moving average price of $14.07. The company has a market capitalization of $515.49 million and a PE ratio of 20.37. Tailored Brands Inc has a 1-year low of $9.40 and a 1-year high of $28.76.
Tailored Brands (NASDAQ:TLRD) last released its earnings results on Friday, June 9th. The company reported $0.27 earnings per share for the quarter, topping the 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. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. On average, analysts expect that Tailored Brands Inc will post $1.79 earnings per share for the current year.
The firm 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. This represents a $0.72 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Monday, September 11th.
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A number of equities research analysts have recently commented on TLRD shares. Zacks Investment Research upgraded shares of Tailored Brands from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Tuesday, May 16th. Jefferies Group LLC reiterated a “hold” rating and set a $14.00 price target on shares of Tailored Brands in a report on Friday, May 5th. Deutsche Bank AG increased their price target on shares of Tailored Brands from $20.00 to $21.00 and gave the company a “hold” rating in a report on Monday, May 15th. ValuEngine upgraded shares of Tailored Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 17th. Finally, Johnson Rice upgraded shares of Tailored Brands from an “accumulate” rating to a “buy” rating in a report on Thursday, May 4th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.00.
In other news, Director Dinesh S. Lathi sold 3,200 shares of the company’s 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 sale, the director now directly owns 22,757 shares of the company’s stock, valued at approximately $247,141.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jack Calandra acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was acquired at an average cost of $9.50 per share, for a total transaction of $95,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 31,026 shares in the company, valued at $294,747. The disclosure for this purchase 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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