Convergence Investment Partners LLC Takes $1.52 Million Position in Tailored Brands Inc (TLRD)

Convergence Investment Partners LLC bought a new position in Tailored Brands Inc (NYSE:TLRD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 69,391 shares of the company’s stock, valued at approximately $1,515,000. Convergence Investment Partners LLC owned 0.14% of Tailored Brands at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in shares of Tailored Brands by 1.6% during the second quarter. Lazard Asset Management LLC now owns 19,209 shares of the company’s stock valued at $214,000 after acquiring an additional 299 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Tailored Brands by 7.4% during the second quarter. UBS Asset Management Americas Inc. now owns 14,599 shares of the company’s stock valued at $163,000 after acquiring an additional 1,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Tailored Brands by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 39,160 shares of the company’s stock valued at $437,000 after acquiring an additional 1,249 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of Tailored Brands by 1.4% during the second quarter. TIAA CREF Investment Management LLC now owns 132,571 shares of the company’s stock valued at $1,479,000 after acquiring an additional 1,892 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Tailored Brands by 6.9% during the second quarter. Thrivent Financial For Lutherans now owns 29,640 shares of the company’s stock valued at $331,000 after acquiring an additional 1,910 shares during the period.

Tailored Brands Inc (NYSE:TLRD) opened at $22.38 on Friday. The company has a quick ratio of 0.52, a current ratio of 2.48 and a debt-to-equity ratio of -97.85. Tailored Brands Inc has a twelve month low of $9.40 and a twelve month high of $24.11. The stock has a market capitalization of $1,100.00, a PE ratio of 16.46, a P/E/G ratio of 0.63 and a beta of 1.88.

Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.21. Tailored Brands had a negative return on equity of 137.16% and a net margin of 2.07%. The business had revenue of $810.80 million during the quarter, compared to analysts’ expectations of $807.51 million. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. research analysts predict that Tailored Brands Inc will post 2.08 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. BidaskClub cut Tailored Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. FBR & Co reissued a “buy” rating and set a $16.00 price objective on shares of Tailored Brands in a report on Thursday, September 21st. B. Riley reissued a “buy” rating on shares of Tailored Brands in a report on Wednesday, November 1st. ValuEngine cut Tailored Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised Tailored Brands from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.71.

In related news, Director William B. Sechrest sold 1,286 shares of Tailored Brands stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total value of $29,809.48. Following the completion of the sale, the director now directly owns 39,098 shares in the company, valued at $906,291.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

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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.

Institutional Ownership by Quarter for Tailored Brands (NYSE:TLRD)

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