Dimensional Fund Advisors LP increased its position in shares of Tailored Brands Inc (NYSE:TLRD) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,233,858 shares of the company’s stock after acquiring an additional 45,217 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Tailored Brands were worth $16,831,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in Tailored Brands by 395.3% during the third quarter. SG Americas Securities LLC now owns 21,395 shares of the company’s stock valued at $539,000 after buying an additional 17,075 shares during the period. Bank of New York Mellon Corp boosted its position in Tailored Brands by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 946,750 shares of the company’s stock valued at $23,848,000 after buying an additional 44,112 shares during the period. BlackRock Inc. boosted its position in Tailored Brands by 4.0% during the third quarter. BlackRock Inc. now owns 7,091,172 shares of the company’s stock valued at $178,627,000 after buying an additional 272,190 shares during the period. Tower Research Capital LLC TRC boosted its position in Tailored Brands by 308.3% during the third quarter. Tower Research Capital LLC TRC now owns 4,651 shares of the company’s stock valued at $117,000 after buying an additional 3,512 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Tailored Brands by 122.5% during the third quarter. Renaissance Technologies LLC now owns 892,800 shares of the company’s stock valued at $22,490,000 after buying an additional 491,600 shares during the period.
Tailored Brands stock opened at $8.14 on Wednesday. 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 stock has a market cap of $388.39 million, a PE ratio of 3.52 and a beta of 1.71. Tailored Brands Inc has a 1-year low of $7.36 and a 1-year high of $35.94.
Tailored Brands (NYSE:TLRD) last posted its 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. The company had revenue of $785.76 million during the quarter, compared to analyst estimates of $801.24 million. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Sell-side analysts predict that Tailored Brands Inc will post 1.9 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.85%. Tailored Brands’s dividend payout ratio is currently 31.17%.
Several analysts have issued reports on TLRD shares. Zacks Investment Research lowered shares of Tailored Brands from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Citigroup started coverage on shares of Tailored Brands in a research report on Thursday, December 20th. They set a “market weight” rating for the company. Finally, B. Riley lowered shares of Tailored Brands from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $11.00 in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Tailored Brands presently has a consensus rating of “Hold” and an average price target of $20.00.
In other news, CAO Brian T. Vaclavik bought 4,250 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $8.16 per share, for a total transaction of $34,680.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Carrie Ann Ask bought 13,500 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of $7.41 per share, with a total value of $100,035.00. Following the completion of the acquisition, the insider now owns 20,962 shares of the company’s stock, valued at approximately $155,328.42. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.
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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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