Schneider Capital Management Corp grew its holdings in Tailored Brands Inc (NASDAQ:TLRD) by 18.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 248,085 shares of the company’s stock after acquiring an additional 38,085 shares during the quarter. Schneider Capital Management Corp owned 0.51% of Tailored Brands worth $2,769,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of TLRD. BlackRock Inc. boosted its holdings in Tailored Brands by 45,196.0% in the first quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock worth $87,319,000 after acquiring an additional 5,831,636 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Tailored Brands by 55.6% in the first quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock worth $135,834,000 after acquiring an additional 3,248,995 shares in the last quarter. Park West Asset Management LLC boosted its holdings in Tailored Brands by 139.5% in the first quarter. Park West Asset Management LLC now owns 1,995,876 shares of the company’s stock worth $29,818,000 after acquiring an additional 1,162,401 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Tailored Brands by 102.6% in the second quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock worth $13,004,000 after acquiring an additional 590,036 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Tailored Brands in the second quarter worth about $4,206,000.
Several equities research analysts have weighed in on TLRD shares. FBR & Co reissued a “buy” rating and issued a $16.00 price target on shares of Tailored Brands in a report on Tuesday, September 5th. Zacks Investment Research downgraded Tailored Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Jefferies Group LLC reissued a “hold” rating and issued a $13.00 price target (up previously from $12.00) on shares of Tailored Brands in a report on Friday, September 8th. BidaskClub raised Tailored Brands from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, ValuEngine downgraded Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Six 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 “Hold” and an average price target of $16.86.
Tailored Brands Inc (NASDAQ:TLRD) traded up 3.61% during midday trading on Friday, hitting $13.79. The company had a trading volume of 204,337 shares. The company has a market cap of $678.40 million and a price-to-earnings ratio of 11.54. Tailored Brands Inc has a 12 month low of $9.40 and a 12 month high of $28.76. The firm has a 50-day moving average price of $13.34 and a 200-day moving average price of $12.18.
Tailored Brands (NASDAQ:TLRD) last posted its quarterly earnings data on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.26. The company had revenue of $851.00 million for the quarter, compared to analyst estimates of $868.22 million. During the same period in the previous year, the business posted $0.99 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. Equities analysts anticipate that Tailored Brands Inc will post $1.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a yield of 5.41%.
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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