Thrivent Financial for Lutherans boosted its stake in Tailored Brands Inc (NYSE:TLRD) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,912 shares of the company’s stock after buying an additional 789 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Tailored Brands worth $490,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tailored Brands by 49.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,637 shares of the company’s stock valued at $50,000 after purchasing an additional 1,206 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Tailored Brands by 308.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,651 shares of the company’s stock valued at $117,000 after purchasing an additional 3,512 shares during the period. Neuburgh Advisers LLC boosted its holdings in Tailored Brands by 17.4% in the 4th quarter. Neuburgh Advisers LLC now owns 5,600 shares of the company’s stock valued at $76,000 after purchasing an additional 832 shares during the period. Cerebellum GP LLC boosted its holdings in Tailored Brands by 14,660.4% in the 4th quarter. Cerebellum GP LLC now owns 7,823 shares of the company’s stock valued at $107,000 after purchasing an additional 7,770 shares during the period. Finally, BlueMountain Capital Management LLC bought a new stake in Tailored Brands in the 3rd quarter valued at about $424,000.
In other news, CAO Brian T. Vaclavik purchased 4,250 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $8.16 per share, with a total value of $34,680.00. Following the acquisition, the chief accounting officer now owns 19,699 shares in the company, valued at approximately $160,743.84. The acquisition 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.
Shares of Tailored Brands stock opened at $7.44 on Monday. Tailored Brands Inc has a 1-year low of $7.36 and a 1-year high of $35.94. The company has a quick ratio of 0.37, a current ratio of 1.91 and a debt-to-equity ratio of 317.61. The company has a market cap of $380.87 million, a PE ratio of 3.22, a PEG ratio of 0.25 and a beta of 1.70.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.01. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The company had revenue of $785.76 million during the quarter, compared to the consensus estimate of $801.24 million. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, research analysts forecast that Tailored Brands Inc will post 1.9 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date is Monday, June 17th. Tailored Brands’s dividend payout ratio (DPR) is presently 31.17%.
TLRD has been the subject of a number of recent research reports. B. Riley downgraded shares of Tailored Brands from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $11.00 in a report on Thursday, March 14th. Zacks Investment Research downgraded shares of Tailored Brands from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Finally, Citigroup started coverage on shares of Tailored Brands in a report on Thursday, December 20th. They set a “market weight” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.00.
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Tailored Brands Company Profile
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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